237 FranklinPhoenixville, PA 19460
CHESTER County
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.
Property Information
- Property type
- Commercial Sale
- Year built
- 1900
- Building area
- 4,746 Sq Ft
- Lot size
- 0.13 acres
- Parking spaces
- 4
- Zoning
- RI
- Days on market
- 57
- MLS® Listing#
- PACT2130902
Property Features
- Appliances
- Electric Water Heater · Instant Hot Water
- Cooling
- Ductless
- Heating
- Baseboard
- Parking
- Parking Lot
- Construction
- Aluminum Siding · Brick
- Roof
- Flat · Shingle
- Sewer
- Public Sewer
- Water source
- Public
Schools
- District
- PHOENIXVILLE AREA
Financial Details
- Annual taxes
- $5,227Tax year 2026
- Assessed value
- $107,000
- Parcel number
- 15-05 -0227
Directions
At the corner of Franklin Ave and Emmett St
Listing Courtesy: EXP Realty, LLC - 8883977352
