1201 Arch Street
1201 Arch Street, Norristown, Pennsylvania 19401
Suburban City Group is pleased to exclusively offer for sale an exceptionally maintained mixed-use apartment building located steps to Dekalb Street in Norristown Borough. 1201 Arch Street is an ideal addition to an investor's portfolio or serves as an excellent owner-occupant building. This turnkey opportunity offers ground floor retail/office space with a separately entranced oversized two-bedroom apartment. The building was gut renovated ~10 years ago and features separately metered utilities, updated electrical service, new windows, maintained roof, and newer exterior and sidewalks. In addition, both the storefront and apartment were fully renovated in the last 4 years, with the apartment upgrades completed as recent as December 2019. Three garages, separated into two additional leasable units, are included on the property, a valuable amenity and revenue stream in this neighborhood.
The asset will be delivered vacant, allowing a buyer to quickly and seamlessly lease-up the units in this highly desirable rental market; or utilize the turnkey building for their personal residence or business.
Located immediate to Dekalb Street
- High cashflow opportunity
- No maintenance building
- Separately metered electric, heat, and hot water
- Desirable mixed-use retail + apartment + garages
- High rent growth / low vacancy submarket
- Ideal passive income or live/work investment
1/7/2020 6:38:52 PM
3/25/2020 7:18:58 PM