201 Chestnut St Norristown, PA 19401

This exceptional investment opportunity presents a meticulously maintained five-unit apartment building situated in Norristown, Pennsylvania. The property, located at 201 E Chestnut St, 19401, comprises two buildings on a 0.04-acre lot, totaling 2,272 square feet. Built in 1899 and extensively renovated in 2023, this property boasts a strong financial performance, with a Net Operating Income (NOI) of $46,505, resulting in a 7.15% capitalization rate. The asking price is $650,000, translating to $130,000 per unit. The property features four units within a newly painted building and an attached house, all situated on a single tax parcel (APN: 13-00-08652-002). Four of the units have undergone recent upgrades, including updated kitchens and bathrooms with new countertops, flooring, cabinets, and backsplashes. Currently fully leased, the property generates a monthly income of $5,080. Its prime location offers convenient access to shopping, schools, parks, places of worship, and public transportation. The permitted zoning is 1108 Res, reflecting its residential use. This is a turnkey investment opportunity with significant potential for future growth and strong cash flow. All showings require 4 hours' advance notice. A lockbox with keys to each unit is located at the main entrance of the four-unit building on Green Street.