165 Prospect StPhoenixville, PA 19460

Property Details for 165 Prospect St

Year built

1920

Property size (Sq ft)

2,000 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This three-story, 2,000 square foot duplex located at 165 Prospect St, Phoenixville, PA 19460, presents a compelling value-add investment opportunity. Built in 1920, the property features two units, each with its own gas and electric meters. Unit #1, currently occupied with a monthly rent of $1,500, boasts a first-floor layout including a living room, kitchen, full bath, and bedroom. A finished lower level adds extra space, including a laundry room and an additional finished room with rear yard access. Unit #2 is currently vacant and offers a living room, kitchen, two bedrooms on the second floor, and a third-floor loft. Both units include in-unit laundry. The property includes two off-street parking spaces. The asking price is $425,000, translating to $212.50 per square foot and $212,500 per unit. The property offers a 7.20% cap rate and is being sold as-is. The anticipated occupancy date is August 1st, 2024. Given Phoenixville's thriving market and high rental demand (with two-bedroom units commanding rents as high as $2250, excluding parking), this duplex presents significant potential for increased rental income and strong return on investment. The fee simple ownership provides complete control and flexibility for the new owner.

Location Insight

City

Phoenixville

County

Chester

State

Pennsylvania

Latitude

40.1336

Longitude

-75.5148

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].