Multi-Family•High-Rise•For Sale

1201 Arch Street

1201 Arch Street, Norristown, Pennsylvania 19401

Sale Price $179,990
Sale Type Investment
Zoning R-2
Bldg Type Multi-Tenant
Year Built 1875
Year Renovated 2019
Stories 2
Annual Taxes $3,916.00
Gross Bldg 2,500 SqFt
RBA 2,500 SqFt
Land Area .05 Acres
Project Size 4
Market Philadelphia
Sub-Market Norristown/Valley Forge
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 1/19/2020 7:52:40 PM
Antonio DiCianni
Commercial Brokerage | Investor | Engineer
Suburban City Group | KW Commercial
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