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237 Franklin, Phoenixville, PA 19460

$1,000,000

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List Price: $1,000,000
Price Change: ▼ $100,000 1789151628
Status: PENDING
MLS#: PACT2130902
Lot Size (Acres): 0.13
Year Built: 1900
County: Chester
School District: Phoenixville Area

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Property Description

Updated financials! A true 7 cap in downtown Phoenixville at $1M. Rare opportunity to acquire a well-maintained, cash-flowing five-unit apartment building in the heart of thriving downtown Phoenixville. All five units were renovated between 2017 and 2020 and feature hardwood or luxury vinyl flooring, granite and tile finishes in the kitchens and bathrooms, and stainless steel appliances. Rents total $8,000 a month. Seller is a licensed real estate agent and has a financial interest in the property. The property generates more than $8,000 in monthly rental income and an annual net operating income of $75,878. With strong in-place cash flow and continued upside in one of Chester County’s most competitive rental markets, this property represents an excellent addition to any investment portfolio. Don’t miss the opportunity to acquire a stabilized, income-producing asset in a highly desirable downtown location.

215-669-6079

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Additional Information

Area: Phoenixville Boro (10315)
School District: Phoenixville Area
Heating: Baseboard
Cooling: Ductless Mini-Split
Roof: Architectural, Flat
Water: Public
Sewer: Public Sewer