237 Franklin Ave - Apartments FOR SALE


Phoenixville, PA 19460 | 
$1,000,000 USD
610-731-7949
237 Franklin Ave, Phoenixville, PA for Sale
$1,000,000 USD
Apartments - FOR SALE
1/8
null | 7% Cap Rate

237 Franklin Ave
Phoenixville, PA 19460


HIGHLIGHTS

  • Highly desirable Phoenixville submarket
  • Walking distance to downtown
  • All units recently renovated
  • Fully renovated units and major systems upgrades completed since 2017, including a new roof.

OVERVIEW

Rare opportunity to purchase a 5-unit apartment building in the thriving downtown Phoenixville market. Available for sale is 237 Franklin Avenue, featuring five residential units: Unit Mix & Current Rents Unit 1 — 1 bed / 1 bath — $1,500 Unit 2 — 1 bed / 1 bath — $1,500 Unit 3 — 2 bed / 1 bath — $2,065 Unit 4 — 1 bed / 1 bath — $1,475 Unit 5 — 1 bed / 1 bath — $1,425 Laundry Income — $50 Coin operated laundry is in the basement. This is an excellent opportunity to acquire a cash-flowing multifamily property in Phoenixville. All units were renovated from 2017-2020 with hardwood/luxury vinyl floors, and granite/tile kitchen and bath finishes with stainless steel appliances. Agent has a financial interest in the property.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

5

PRICE/UNIT

$200,000

CAP RATE

7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

237 Franklin Avenue, Phoenixville PA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,830 SF

ZONING

RI

APN/PARCEL ID

1505 02270000

ASK ABOUT THIS PROPERTY

Erich BeyerArchangel CapitalMore Info
610-731-7949

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Erich BeyerArchangel CapitalMore Info
610-731-7949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.