315 W Fornance Street
Norristown, PA 19401
5 UNITS Welcome to 315 W Fornance St, Norristown, PA 19401! Exceptional 5-unit cash-flowing property located in the heart of Norristown. Purchase and run it as-is with immediate positive cash flow, or optimize for even higher yields. Check the numbers below for detailed investor information and financial performance. The building offers a mix of three one-bedroom units and two studios, all currently leased. The one-bedroom units rent for $1,044, $945, and $918 per month, and the studios rent for $971 and $803 per month. Leases are in place on all five units and run into 2027, which gives a buyer stable, predictable income from day one. Current monthly rents total $4,681, for annual rents of $56,172. Known expenses are $8,921, made up of $5,321 in real estate taxes, which include trash service, and $3,600 in insurance. This is a strong opportunity for an investor looking to add scale to a portfolio with one closing and one property to manage. Contact us today for more details or to schedule a showing.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: Springer Realty Group
Agency Phone: 4844984000
Shown By
Agency Title: Lewith & Freeman
Agency Phone: (570) 288-9371
Estimate Your Payment
Estimated Payment
$ 3,286.86 per month $2,704.90 Principal & Interest $443.42 Property Tax $138.54 Homeowner's InsuranceChange Payment Information
Select a format below, new window will open and will prompt you to print.
Privacy Policy / DMCA Notice / ADA Accessibility
315 W Fornance Street | MLS# PAMC2195682
This multi-family property located at 315 W Fornance Street, Norristown, PA 19401 is currently listed for sale with an asking price of $475,000. W Fornance Street is located within the NORRISTOWN AREA school district. Search Norristown real estate on www.lewith-freeman.com today.