326 Cherry Street Norristown, PA 19401

1 / 27

View all 27 Photos

Map

326 Cherry Street is prime for long term appreciation. This turnkey duplex sits just one block from the $415 million Montgomery County Justice Center project at the heart of Norristown's revitalization effort. Unit 1 is a one bedroom apartment with plenty of light. Upstairs, Unit 2 is a bi-level 2 bedroom with a massive living room, dining room and 2 upstairs bedrooms. Both units have access to a shared backyard. The property has undergone significant repairs in recent months, including upgrades to the electrical system, plumbing and the addition of a window in the first floor bedroom to comply with Norristown 's new fire safety standards. Unit 2 was recently turned over and is ready for a new tenant. Market rent for this unit is $1500 and a long term tenant downstairs pays $985. Pro forma rent: $2, 485. The 1% rule is in full effect here making 326 Cherry n excellent addition to any investor's portfolio. Schedule your showing today.