165 Prospect St Phoenixville, PA 19460

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.