198 Franklin Ave, Phoenixville, PA 19460

$900,000
: 2,400
SqFt

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List Price: $900,000
Days on Market: 1
Status: ACTIVE
MLS#: PACT2137910
Living Area: 2,400
Lot Size (Acres): 0.03
Style: Other
Year Built: 1900
County: Chester
School District: Phoenixville Area

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Property Description

Exceptional investment opportunity at 198 Franklin Avenue in Phoenixville! This five-unit apartment building grosses $90,900 per year and is offered at an attractive 7.63% cap rate. With a low acquisition cost per unit, this property offers strong income with additional room for growth. Four units have been renovated, leaving a clear opportunity to add value by updating the final unit. That remaining renovation offers the potential to increase rental income, improve net operating income, and build long-term property value. With its distinctive architecture, compelling price per unit, and achievable renovation upside, this property is an excellent opportunity for investors seeking both income and future appreciation in Phoenixville. Full expense list in flyer. Call Erich Beyer today to schedule a showing. Agent has financial interest in property.

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Additional Information

Area: Phoenixville Boro (10315)
School District: Phoenixville Area
Heating: Electric Baseboard
Cooling: None
Roof: Flat
Water: Public
Sewer: Public Sewer
Basement: Heated, Exterior Entry, Rough Bath Plumb, Unfinished