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Brian Foraker

brian@forakersales.com +1(302) 420-4616

Listed by Erich Beyer • EXP Realty, LLC

$ 900,000

Est. payment | -/mo

2,400 SqFt

Save

$ 900,000

Est. payment | -/mo

Save

2,400 SqFt

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $375

MLS Listing ID PACT2137910

Style Other

Abv Grd Liv Area 2,400

Year Built 1900

Annual Tax Amount $6,596

Tax Year 2025

Lot Size 1,417 Sqft

Acres 0.03

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

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.

Location

State PA

County Chester

Area Phoenixville Boro (10315)

Zoning RI

Rooms

Basement Heated, Outside Entrance, Rough Bath Plumb, Unfinished

Interior

Hot Water 60+ Gallon Tank

Heating Baseboard - Electric

Cooling None

Heat Source None

Laundry Basement

Exterior

Water Access N

Roof Type Flat

Accessibility None

Garage N

Private Pool No

Building

Foundation Stone

Above Ground Finished SqFt 2400

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District Phoenixville Area

Others

Senior Community No

Tax ID 15-05 -0416

Ownership Fee Simple

SqFt Source 2400

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

NEARBY SCHOOL & BUSINESS

+1(302) 420-4616

brian@forakersales.com

135 E State St, United States

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198 FRANKLIN AVE Phoenixville, PA 19460