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)
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