BEDS0
BATHS
SQUARE FEET2,510
MLS#PACT2126846
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDOWNINGTOWN AREA
Property Description
Investor Alert! Exceptional opportunity to own a premium 3-unit investment property in the heart of Downingtown Borough, with an included garage adding an 4th unit!! Ideally situated along highly visible Lancaster Avenue, 253 W. Lancaster Avenue offers a prime location with strong rental demand, convenient access to shopping, dining, major roadways, and footsteps away from the Downingtown Train Station. This well-maintained multifamily property features income-producing units providing positive cash flow and long-term investment potential. The main level features a 2 BR unit with 1 bath proving easy main floor living. The 2nd floor boast a 2 BR and 1 bath apartment. Rounding the building out is a 3rd apartment featuring 2 BR’s and 1 bath. There is also a 2 car garage which includes a loft area with electric that has the potential to be rented as well providing a strong 4th income! Furthermore, the property offers residential flexibility as the ability to make it into a single-family residence is also an option.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Cooling: None
Fuel Type: Electric
Garage: 2
Heating: Baseboard - Electric
Home Style: Colonial
Lot Size: 0.29 Acres
Taxes: $7,735
Year Built: 1910
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Exterior: Brick
Lot Dimensions: 0.29 Acre(S)
Municipality: DOWNINGTOWN BORO
Sewer: Public Sewer
Structure Type: Detached
Total Garage/Parking Spaces: 8
Two Bedroom Units: 3
Units: 3
Water: Public
Local Schools
School District: DOWNINGTOWN AREA
Listed By / Shown By
Listed By
Agency Name: RE/MAX Action Associates
Agency Phone: 6103632001
Shown By
Agency Title: REAL ESTATE EXCEL
Agency Phone: 215-579-4220
Estimate Your Payment
Estimated Payment
$ 3,337.53 per month $2,517.97 Principal & Interest $644.58 Property Tax $174.97 Homeowner's Insurance