Description
Welcome to this three-unit property that offers immediate income potential and long-term financial growth. Whether you're an investor looking to maximize cash flow or a savvy buyer ready to live in one unit while the other two help pay your mortgage, this property delivers exceptional flexibility and value. Imagine collecting rental income every month while building equity in a property that works for you. Owner-occupants can dramatically reduce their monthly housing expenses by renting the remaining units, while investors have the opportunity to lease all three units and generate multiple streams of rental income from day one. Location is another major advantage. Situated in a convenient Norristown neighborhood, the property offers quick access to US-202, I-476, and the Pennsylvania Turnpike, making commuting throughout Montgomery County and the greater Philadelphia area simple. Residents will also enjoy being just minutes from SEPTA transportation, shopping centers, restaurants, parks, schools, and everyday essentials-features that continue to attract quality tenants and support strong rental demand. Whether you're looking to grow your real estate portfolio, create passive income, or make your first investment with the added benefit of owner occupancy, 706 Chain Street is the kind of opportunity that doesn't come along often.
Details
| MLS # | PAMC2187328 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1900 |
| Days On Site | 88 |
| Listing Provided By | Coldwell Banker Realty | CJ Pierre |
Features
| SQ Feet | 2,458 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | R2 |
| Acreage | 0.04 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
Exterior
| Roof | Flat |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 4453 |
|---|
Area Information
| State | PA |
|---|---|
| County | MONTGOMERY PA |
| City | NORRISTOWN |
| Zip Code | 19401 |
| Area | Norristown Boro (10613) |
| Community Name | NORRISTOWN |
| School District | NORRISTOWN AREA |
| Elementary School | WHITEHALL |
| High School | NORRISTOWN AREA |
| Listing VS Median (in NORRISTOWN) | |
Price: $345,000 low | high Med: $255,000 sqft: 2,458 low | high Med: 1,564 $ / sqft: $140 low | high Med: $165 On site: 88 low | high Med: 91 | |
Market Activity 19401
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Learn More About This Property
| State | PA |
|---|---|
| County | MONTGOMERY PA |
| City | NORRISTOWN |
| Zip Code | 19401 |
| Area | Norristown Boro (10613) |
| Community Name | NORRISTOWN |
| School District | NORRISTOWN AREA |
| Elementary School | WHITEHALL |
| High School | NORRISTOWN AREA |
| Listing VS Median (in NORRISTOWN) | |
Price: $345,000 low | high Med: $255,000 sqft: 2,458 low | high Med: 1,564 $ / sqft: $140 low | high Med: $165 On site: 88 low | high Med: 91 | |
