552 George St
Norristown, PA 19401
Multifamily Property For Sale · 2 Units

Very well maintained 3,600 sq ft brick Duplex in Norristown. Perfect investment or better yet, live in one and lease the other! One 6 bedroom unit and one 4 bedroom unit with one full bath in each. 100% occupied with excellent rental history. Tenants pay all utilities. Owner pays taxes and insurance only. $2450 per month in steady income for years to come! 11.3 CAP RATE! Attractive duplex has all new carpet, new heating systems & new windows! The property functions more like two town homes side by side that happen to be on the same deed. Email or call broker for more details or to see property. Named the county seat in 1784 when Montgomery County was formed, Norristown was incorporated as a borough in 1812 and subsequently enlarged in 1853. About 500 people lived there at the time of its incorporation. Growing rapidly after the Civil War, it swelled to 22,265 people by 1900 and by 1940 it was home to 38,181 Norristonians, making it the most populous borough in Pennsylvania before declining in the decades after World War II. At its height, Norristown was an industrial, retail, banking, and government center. Breweries, cigar factories, textile mills, icehouses, foundries, rolling mills, and lumber yards provided ample employment for skilled laborers and artisans.[5] The downtown featured two department stores, several theaters, and enough goods and services that residents never had to leave town to find anything they needed.[6] Although primarily settled by the English and a handful of Germans, Scots, Dutch, and Swedes, in the mid-1800s the Irish began arriving in large numbers, followed by waves of Italians at the turn of the century.