Property

Norristown, PA 19401 423-425 Dekalb Street

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Presented By: Iron Valley Real Estate Doylestown
  • MLS# PAMC2133236
  • 03/20/2025
  • Request Tour
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  • SQFT • 8,507

Home Details

Unlock a premier investment at 423425 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 Norristowns 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 Norristowns renaissance, this property promises both stability and future value. Dont miss your chance to invest in a flourishing market. Schedule your tour and secure this exceptional opportunity today!
Presented By: Iron Valley Real Estate Doylestown

Interior Features for 423-425 Dekalb Street

Other Interior Features

Central Air Y/NYes
Heating FuelElectric, Natural Gas
Heating Y/NYes
Hot WaterNatural Gas, Electric
Number of Elevators
Total Stories3

General for 423-425 Dekalb Street

Acceptable FinancingCash, Conventional, Seller Financing, Other
AccessibilityNone
Business TypeApartment Building, Hair Salon and Spa, Other/General Retail
Cap Rate6.00
CityNORRISTOWN
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyMONTGOMERY
DirectionsTravel East on main. Left on Dekalb (202)
Gross Income114154.00
HeatingForced Air
Lot Size Square Feet2251.00
Lot Size UnitsSquare Feet
MLS AreaNorristown Boro (10613)
ModificationTimestamp2025-03-24T12:10:06
MunicipalityNORRISTOWN BORO
Net Operating Income65351.00
New ConstructionNo
Number Of Units Total6
OwnershipFee Simple
PossessionSettlement
Property SubtypeMixed Use
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount10188.0
Tax Assessed Value161470.0
Tax Lot045
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1920
Year Built SourceAssessor
ZoningMIXED USE

Exterior for 423-425 Dekalb Street

Building Area Total0.00
Car Parking Spaces
Land Assessed Value0.00
Land Use Code4100
Lot Dimensions44.00 x 0.00
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Tina Torres

Broker/Owner
Price $1,090,000
MLS#PAMC2133236
List Date 03/20/2025
Property Type Commercial
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