611 Swede St

Highlights:

• Days on Market: 7
• Parking Features: Paved Parking
• Heating: Heat Pump(s)

Description:

611 Swede Street represents a rare opportunity to acquire a fully renovated,
turn-key 30-unit multifamily property in the heart of Norristown, PA.
Completed in 2021–2022, the renovation program included comprehensive
upgrades to all major building systems—new electrical, plumbing, HVAC,
roofing, apartment interiors, and common areas—positioning the asset for
minimal near-term capital needs and stable long-term performance.

The property has demonstrated strong occupancy & minimal turnover,
supported by modern unit finishes, reliable mechanical systems, and strong
tenant demand. Additionally, current rents remain below prevailing market
levels, providing immediate mark-to-market upside without requiring
additional capital investment.

The Offering includes an additional lot 17 W Marshall Street, Norristown, PA.
This parcel is a tandem parking setup with 14 stalls and a capacity for 28 cars.
This allows tenants the option to rent parking spaces right next to their
building if desired. 611 Swede Street offers investors the combination of
stability, rent-growth potential, and long-term appreciation drivers that are
increasingly difficult to find in the Montgomery County multifamily sector.

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Listing ID: 804350087284