237 Franklin Avenue, Phoenixville, PA 19460

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.

Purchase Price: $1,100,000

Annual Expenses

Taxes — $5,227

Insurance — $3,764

Water/Sewer — $1,724

PECO — $2,828

Trash — $1,451

Lawncare — $500

Vacancy — $4,808

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.