303-305 Main Street

303-305 Main Street Phoenixville, PA 19460

FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,295,000
Last Verified:
Aug 29, 2019


Description

KW Commercial is pleased to offer this 8 unit multifamily in the heart of Phoenixville, PA. Significant upside potential through increasing rental income. Currently and historically operates at 100% occupancy. Large adjacent parking lot included with the property. Large oversized units with great value add potential. Multiple private entrances to separate units. Laundry facility onsite. Detached garage could be rented for additional income.

Phoenixville is a borough in Chester County, Pennsylvania, which has seen tremendous revitalization over the past decade. Located 28 miles northwest of Philadelphia, it is located within the Philadelphia Metro Area. The population is 16,440 as of the 2010 Census, with significant growth since then.

Building Size: 6846.0sq ft
Lot Size: 0.0 acres

Map of 303-305 Main Street, Phoenixville, PA, 19460

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.