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Phenomenal investment opportunity! Listing includes BOTH 905 and 907 Swede Street 13-00-36464-009,13-00-36468-00-5. The property has been joined together as one building. A one-of-a-kind property, the home is a combined twin currently utilized as a rooming house. You are greeted by a large porch. On the first floor, you will find the building's office consisting of two private rooms and a private bathroom across the hall, the first of 10 rental units containing a private bathroom. The first floor also includes the following common areas: living room, dining room, kitchen, pantry, and laundry room. From the laundry room, you may access the spacious backyard. On the second floor, you will find 5 rental units sharing two bathrooms and a second shared living room. On the third floor are 4 rental units sharing two bathrooms, and expansive storage closets. The property is licensed for 10 residential units with an average rental amount of $800 per unit, resulting in a 10% cap rate. The property is located near local restaurants and City Hall, with easy transportation access via bus stops nearby and up the street from Norristown Transportation Center.
Property Type(s):
Multi Family
| Last Updated | 4/23/2025 | Year Built | 1890 |
|---|---|---|---|
| Community | Norristown Boro (10613) | County | MONTGOMERY |
SCHOOLS
| School District | NORRISTOWN AREA |
|---|
Additional Details
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | Norristown Boro (10613) |
| CONSTRUCTION | Frame |
| HEAT | Natural Gas, None |
| LOT | 3485 sq ft |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STYLE | A-Frame |
| TAXES | 9680 |
| WATER | Public |
| ZONING | Nonconforming, zoned for 10 residential units split between 905 and 907 Swede St. |
Location
Listing provided by Taylor Properties
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Data last updated: 4/23/25 2:12 PM PDT
This IDX solution is (c) Diverse Solutions 2025.
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