423-425 DEKALB ST, Norristown, PA 19401

Property Description

***Price Reduction!***Unlock a premier investment at 423–425 DeKalb St.—a fully renovated, 8,507 SF mixed-use property. Modernized in 2019-2020, this turnkey asset features TWO THRIVING COMMERCIAL SPACES (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!

Listing Status:

Active

Listing Office:

Iron Valley Real Estate Doylestown : 2677035050

Listing Agent:

Stephen B Ammon : 2152560427

MLS ID:

PAMC2133236

Interior

• A/C: Central A/C
• Heating: Forced AirElectricNatural Gas
• Disability Feature: None

Construction

• General: Brick

Location

• Originating MLS: BRIGHT_MAIN
• School District: NORRISTOWN AREA
• County: MONTGOMERY-PA

Lot

• Zoning: MIXED USE13-00-09944-006

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Stephen B Ammon, Iron Valley Real Estate Doylestown