326 CHERRY ST
NORRISTOWN, PA 19401
$245,000
0 Beds
0 Baths
1,896 Sq Ft
Status Active
MLS# PAMC2105268
326 Cherry Street is prime for long term appreciation. This turnkey duplex sits just one block from the $415 million Montgomery County Justice Center project at the heart of Norristown's revitalization effort. Unit 1 is a one bedroom apartment with plenty of light. Upstairs, Unit 2 is a bi-level 2 bedroom with a massive living room, dining room and 2 upstairs bedrooms. Both units have access to a shared backyard. The property has undergone significant repairs in recent months, including upgrades to the electrical system, plumbing and the addition of a window in the first floor bedroom to comply with Norristown 's new fire safety standards. Unit 2 was recently turned over and is ready for a new tenant. Market rent for this unit is $1500 and a long term tenant downstairs pays $985. Pro forma rent: $2,485. The 1% rule is in full effect here making 326 Cherry n excellent addition to any investor's portfolio. Schedule your showing today.
Details for 326 CHERRY ST
Built in 1850
$129 / Sq Ft
0 parking spaces
Wall Unit
Baseboard - Electric
13 Days on website
0.02 acres lot