This unique income-producing property consists of three residential apartments, a leased garage, and approximately five acres in Coatesville, making it one of the area's most land-rich residential investment opportunities. The property features a desirable unit mix including a spacious three-bedroom, two-bath apartment, two additional two-bedroom units, and a separately leased garage providing additional income. The tenant mix includes both market-rate and HACC-assisted residents, creating a stable income stream with future upside potential. In addition to its existing cash flow, the expansive site offers significant long-term value and potential for future development or alternative use, subject to buyer due diligence and municipal approvals. A rare opportunity to acquire an income-producing asset with substantial excess land in a growing Chester County market.
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.
137 W Lancaster Ave Downingtown. mixed unit. Store front and 1 bedroom apartment with 2 bathroom. 3rd floor used to be finished could be finished again for additional bedroom. Call agent for Potential Income for store front with 1 full bathroom (includes shower) and the 2nd floor apartment. This used to be a 3 unit. Owner wanted to have a large store front and turned this into a larger first floor store front. There is 8 parking spots for this lot. Potential Cap rate is 6.8%. This is a good investment for you or a place for your business? The owner is relocating and business is not included. This is 1 block away from the Downingtown Train Station and half a block away from the Septa Bus Stop. Right on the Main Street of Downingtown. This is a great location!
Downingtown is located in Pennsylvania. Downingtown, Pennsylvania has a population of 8,047. Downingtown is less family-centric than the surrounding county with 29.24% of the households containing married families with children. The county average for households married with children is 36.91%.
The median household income in Downingtown, Pennsylvania is $72,669. The median household income for the surrounding county is $109,969 compared to the national median of $69,021. The median age of people living in Downingtown is 39.3 years.
The average high temperature in July is 84.9 degrees, with an average low temperature in January of 20.4 degrees. The average rainfall is approximately 48.9 inches per year, with 28.5 inches of snow per year.
