112, 114, 116 Walnut Street

Description

With a combined 15 bedrooms and 4.5 bathrooms this is a rare opportunity to own 3 separate multifamily rental properties all at once. This will be one of closest properties in Mont Clare that is walking distance to Downtown Phoenixville. The lot for 116 is sizable, just shy of +-+ of an acre, making almost a full acre of land, when combined with the other two, So you could quite possibly tear down all 3 and build 4 units. (must get township approval obviously) This sale is contingent upon the buyer purchasing all 3 properties, no individual sale will be considered. All owners already have a buy-out consideration from FEMA, so the deal is, either sell it now or wait for FEMA. Each property backs up to the canal and has private boat access. Such a unique location: Situated along the Schuylkill River Canal and half a block from Bridge Street, you are literally a two-minute walk from downtown Phoenixville shops, restaurants and nightlife. Yet once back home you have all the solitude and quiet of life along the river, just steps from the Schuylkill river trail head for hiking, biking and enjoy kayaking right from your private dock. Many properties in that area will be bought out by FEMA, torn down and used for open space, so this could possibly be a rare multi unit in the midst of a lot of open space. !!CAUTION!! All 3 properties are without power. Bring flashlights. All 3 properties are in a flood zone and were fully flooded during IDA. Meaning the basement was full of water, up to about a 1ft on the first floor, so they will require flood insurance if mortgaged. Some amount of mold may be present in all 3. A suitable mask is suggested. These properties are in rough shape and will need a full gut so please, have suitable footwear ( heels or sandals are not suggested), mind your step, and use caution at all times.