708 W Marshall Street
Norristown, PA 19401
Just Listed | $699K
Number of Units: 6
Unit Mix: Three 1 Bed/1 Bath units; Three 2 Bed/1 Bath units
Sq. Feet: 3,106
Parking Spots: 4+
Pro Forma Rent Roll: $6,830/month
Buyer’s Agency Comp: 2.5%
6 separately metered, turnkey units across 2 buildings on one lot. Units are updated, and excellent tenants are in place. 2 units are brand newly renovated in 2023. Parking for 5 vehicles. With no work, at market rent 708 Marshall is a 10.5 cap. Today it's a 9.4.
Norristown is prime for long term appreciation. The Turnpike-led Lafayette Street Interchange and Extension Projects will significantly improve access to, and revitalize Norristown’s Main Street business district. The $154M project is expected to be completed in 2025. Just a half mile away is the new $415M Montgomery County Justice Center project. The state and county are pumping hundreds of millions of dollars into Norristown's historic downtown. Here, 708 W Marshall brings an excellent return today, and is poised for a very promising tomorrow.
Pro forma does not currently include figures for management, maintenance or vacancy.
Regarding the 3D tour: When you walk in the front door, you will be able to view Units 1, & 3. Walk back outside and to the left of the building to view Unit 4 at the back of the main building. Unit 6 can be viewed in the rear structure, 5 not pictured, but recent rental listing photos can be found here.
There are no photographs for units 2F or 5, but these units have similar features to the other units pictured. The most recent rental listing photos can be seen here (unit 2F) and here (unit 5).