900 N Park Ave

Norristown, PA 19403

Located in the highly desirable Methacton school district and just off Germantown Pike, you will not want to miss seeing this unique 4 UNIT MULTIFAMILY with GARAGE ACCESS to approximately 3,000 SF of INDUSTRIAL/WAREHOUSE space. One of the multifamily units and the warehouse space is currently owner occupied. You can either live in one unit and use the commercial warehouse for your own personal/business needs OR lease out the entire building. The 4 multifamily units are comprised of one 3bed/2 bath unit, one 2 bed/1bath unit, and two 1 bed/1bath units. All units are extremely spacious and have their own private decks. There is a parking lot with 5 parking spaces and also street parking in front of the building. Assuming market rent for the owner occupied multifamily unit and industrial/ warehouse, the property is operating with an income of $96,000/year, expenses of $19,641/year, resulting in a 9% cap rate. Lots of potential here! Rents are currently under market and there is potential to increase rents and achieve a minimum 10% cap rate. Easy access to route 422, 202, and Germantown Pike. Property is being sold in AS-IS condition.