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237 Franklin Ave - 237 Franklin Avenue, Phoenixville PA 5 Unit Apartment Building Offered at $1,100,000 at a 6.90% Cap Rate Phoenixville, PA 19460
Investment Highlights
- Highly desirable Phoenixville submarket
- All units recently renovated
- Walking distance to downtown
Executive Summary
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.
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.
Property Facts
| Price | $1,100,000 | Lot Size | 0.13 AC |
| Price Per Unit | $220,000 | Building Size | 4,746 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.90% | No. Stories | 3 |
| No. Units | 5 | Year Built/Renovated | 1900/2017 |
| Property Type | Multifamily | Parking Ratio | 0.84/1,000 SF |
| Zoning | RI | ||
| Price | $1,100,000 |
| Price Per Unit | $220,000 |
| Sale Type | Investment |
| Cap Rate | 6.90% |
| No. Units | 5 |
| Property Type | Multifamily |
| Lot Size | 0.13 AC |
| Building Size | 4,746 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2017 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | RI |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
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237 Franklin Ave - 237 Franklin Avenue, Phoenixville PA
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