About This Home
This 0-bedroom, 0-bathroom multi-family at 253 W LANCASTER Avenue in Downingtown, PA is listed for $565,000 ($225 per sqft). Built in 1910, the home offers 2,510 sqft of living space on a 0.29 acres lot.
Key Features
- Built in 1910
- 0.29 acre lot
- 8 parking spaces
Property Details
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.
Monthly Cost Estimate
$3,022/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
253 W LANCASTER Avenue
Downingtown, PA 19335
Property Details
Construction
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 253 W LANCASTER Avenue is listed at $565,000 ($225/sqft). The estimated monthly payment is $3,022 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1910, 0.29 acre lot, 8 parking spaces.
This property is listed by Jamie Wagner and can be reached at 6106565646.