253 W Lancaster Ave, Downingtown, PA 19335
- $565,000
- 2,510
- SqFt
- List Price
- $565,000
- Price Change
- ▼ $34,900 1782939961
- Days on Market
- 42
- Status
- ACTIVE
- MLS#
- PACT2126846
- Living Area
- 2,510
- Lot Size (Acres)
- 0.29
- Style
- Colonial
- Year Built
- 1910
- County
- Chester
- School District
- Downingtown 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.
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Additional Information
- Area
- Downingtown Boro (10311)
- Taxes
- $7735
- School District
- Downingtown Area
- Garage
- Yes
- Garage Spaces
- 2
- Heating
- Baseboard - Electric
- Heating Fuel
- Electric
- Cooling
- None
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of RE/MAX Action Associates. Contact: (610) 363-2001
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