423-425 DeKalb St - Apartments FOR SALE


Norristown, PA 19401
$995,000 USD
215-256-0427
423-425 DeKalb St, Norristown, PA for Sale
$995,000 USD
Apartments - FOR SALE
1/29
null | 6.57% Cap Rate

423-425 DeKalb St
Norristown, PA 19401


HIGHLIGHTS

  • Turnkey Condition: Fully renovated in 2019-2020 with modern finishes, new HVAC systems, and stainless appliances, minimizing capital expenditures
  • Diversified Income: Mixed-use design with 2 commercial and 4 residential units balances revenue streams, reducing risk. 100% Occupied
  • Prime Location: Situated on the same block as $431M in developments

OVERVIEW

Unlock a premier investment at 423–425 DeKalb St., Norristown, PA — a fully renovated, 8,507 SF mixed-use property. Modernized in 2019-2020, this turnkey asset features two thriving commercial spaces (a Home Care Service Office and Beauty Salon) alongside four fully remodeled upscale apartments (three 2BR/1BA, one 3BR/2BA), all equipped with stainless steel appliances, hardwood floors, new kitchens/baths, in-unit washer dryers and new HVAC systems. With $111,066 in current gross rent and a potential $121,596 at market rates, this 100% occupied property offers immediate cash flow and minimal upkeep, making it a low-risk, high-reward opportunity. Nestled in Norristown’s revitalizing downtown, this property is steps from game-changing developments: the $400M Montgomery County Justice Center, the $31M MM Partners project and much more! Positioned at the heart of Norristown’s renaissance, this property promises both stability and future value. Don’t miss your chance to invest in a flourishing market. Schedule your tour and secure this exceptional opportunity today!

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

6.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

TC

APN/PARCEL ID

13-00-09944-006

ASK ABOUT THIS PROPERTY

Stephen AmmonIron Valley Real EstateMore Info
215-256-0427

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Stephen AmmonIron Valley Real EstateMore Info
215-256-0427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.