362 1st Avenue, Phoenixville, PA 19460

Property Description

Welcome to this well-maintained duplex in the heart of Phoenixville Borough — an exciting opportunity to own in one of Chester County’s most vibrant and walkable communities. Just a half-mile stroll to Reeves Park, Bridge Street’s charming shops and eateries, and the scenic Schuylkill River Trail, this property offers the perfect blend of small-town character and urban convenience. Phoenixville is a thriving destination known for its revitalized downtown, popular festivals, and active arts scene, making it a sought-after location for homeowners and renters alike. This lovingly cared-for duplex has been owner-occupied on the first floor for over 60 years, with numerous essential updates completed in the last 15 years — including newer siding, windows, roof, heater, and water heater. The first-floor unit features front and rear access, a spacious layout with a living room, dining room, eat-in kitchen, pantry, family room with gas fireplace, full bathroom, and a bedroom. Step outside to a covered patio, fenced yard, above-ground pool, and a one-car garage with an additional small parking area. The basement, accessible from the first floor, offers a casual finished area, full bathroom, laundry, utilities, and additional storage — with exterior access via Bilco doors. The second-floor apartment is currently tenant-occupied at $1,200/month and features a front entrance with use of the covered porch, a large eat-in kitchen, living room, hallway bathroom, bedroom, and a separate office. The third floor, currently used for storage by the owner, has great potential to become a spacious bedroom for the upper unit, adding to its value and appeal. The tenant pays their own electric; all other utilities are covered by the owner. In 2024 the owner's utility expenses were $1,743 for water, sewer, trash, $1,274 for natural gas and $3,971 for property taxes. This is an excellent opportunity for an investment-savvy buyer or a homeowner looking to live in one unit while generating rental income from the other!