Attention all savvy investors...introducing 923-925 Stanbridge Street, a fully rented 6-Unit garden apartment building nestled in the heart of Norristown. The property has been well cared for, and the owner has maintained the rental license & updated lead paint certifications. This puts you in the best position for a smooth and expedited settlement. All 6 units are rented by tenants who have resided here for 2+ years, generating a total of $6,000 in monthly income. All leases are currently month-to-month, so changes in tenancy can be made if desired. There are 4 off-street parking spaces that the tenants currently share on a first-come, first-serve basis. Every unit has nice natural light, and is in good repair with neutral finishes that are desirable to tenants. Brick facade gives the building great curb appeal. Convenient location, close to major highways, shopping, and transit. Each side has a gas heater and a gas hot water heater. All units have separate electric. Floor plans are provided in the photos. The best part? Another wonderful income-producing property on the same street is also available for sale. 1001 Stanbridge St is a 3-unit building with a 1st floor commercial storefront, and 2 residential apartments above. Add both of these great properties to your portfolio for a package deal price of $1,000,000!

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February 9, 2024