Rents in Norristown, PA

[Daniel Cardoso]

Hi,

I am thinking about investing in Norristown, PA. Can anybody give me an idea of what a 5 BD / 2 Baths in Willow St would rent for if in great shape? I don't find many properties to compare it to.

And is Willow St a good area in Norristown, PA?

Thank you,

Daniel Cardoso

[Dan Powers]

@Daniel Cardoso If your thinking about investing in Norristown I would highly recommend it. While there are good and bad parts there are tons of new development projects coming to the area. Here are 3 articles about Sandy St. Luxury Apartments, Riverfront Development, and a new park along the Riverfront.

https://www.timesherald.com/news/new-lease-on-life-for-condemned-sandy-street-building-in-norristown/article_d2f0efcd-6528-5a59-8ab6-20ad28153b03.html

https://www.norristown.org/DocumentCenter/View/291/Riverfront-Master-Plan-PDF

https://www.norristown.org/424/Riverfront-Redevelopment

They are trying to development the area into a younger art district kind of vibe. You should have no problem renting that property out for $1450, honestly I agree with @Ramon Robert Rios that you can easily bump that rent up to $1650 with the right finishes.