Welcome to 202 Forrest Ave. Situated in Norristown a few blocks off of Main Street and Route 202. Currently leased out for $1,680/month with a section 8 tenant. This 3 Story brick home has a massive lot & backyard with the possibility of adding a rear-off street parking space or garage (14 Ft X 150 Ft LOT). This property has public water & sewer, an enclosed porch front, newer vinyl windows throughout, updated kitchen w/ shaker cabinets, granite counter-tops, and stainless-steel appliances. Off the rear of the kitchen is a laundry room with a matching Samsung Washer/Dryer Set & small powder room. The large living room has original refinished hardwood floors. Upstairs you will find 5 large bedrooms (4 have carpet/1 laminated hardwood floor), each room has a ceiling fan fixture, the entire house is heated with radiant baseboard heat. There is a large 3 piece bathroom, which has a tub/shower. This is a large house which is rent stabilized and very profitable - (5BR/1.5 Baths). The mechanicals in the basement are in good condition; gas furnace & hot water heater, 100 AMP electric service and panel, bone dry foundation and solid joists. Taxes are very low: $3,252 (2022), insurance is reasonable providing you a solid cap rate of roughly 10%. The property does need some repairs but is in relatively good condition. This is a great addition to a rental portfolio. Selling AS-IS with the current tenants. 24 hours notice required for showings. Offered at $159,900. Tenants phone number provided in the listing details please confirm with her.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
