Views
Listed By:
Springer Realty Group
Address
137 W Lancaster Avenue, Downingtown, PA
Price
$ 429,900
Property Attributes
  • MLS#PACT2028520
  • TypeMulti-Family
  • CountyCHESTER
  • CityDowningtown
  • AreaDowningtown Boro
  • Zip19335
  • StyleTraditional
  • Year Built1950
  • Taxes$ 3485
  • Price$ 429,900
  • Bedrooms2
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.13 Acres
Data Source:
Bright MLS
Property Description

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!

Price History
7/7/2022 Listed $449,000
4/12/2024 3% - $439,000
4/23/2024 3% - $429,900

General Features

Sewer Public Sewer
Heating Hot Water
Cooling Window Unit(s)
Utilities Natural Gas Available,Electric Available
Possession 0-30 Days CD
Exterior Features Awning(s)
Zoning R60 MIX
Architectural Style Traditional
Construction Materials Frame,Stucco
Exclusions tenants personal property
Year Built 1950
Electric 200+ Amp Service
View Street
Property SubType Duplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility 2+ Access Exits,Level Entry - Main
County CHESTER
New Construction No
Property Type Multi-Family
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Transportation Commuter Rail Station less than 1 mile,Bus Stop less than 1 mile
Status ACTIVE
Directions a few doors down from the downingtown train station at the w lancaster ave and stuart ave. driveway is off the alley on stuart ave.
ModificationTimestamp 2024-06-11T16:13:59
City DOWNINGTOWN
Buyer Agent Compensation 2.5
Disclosures None
NumberOfUnitsTotal 2
MLS Area Downingtown Boro (10311)
Lot Size Units Square Feet
Lot Size Square Feet 5600.00
Tax Assessed Value 85500.0
Waterfront Y/N No
Number of Units Leased 2
Tax Annual Amount 3485.0
Home Warranty Y/N No
Property Condition Excellent
Two Bedroom 1
Structure Type Twin/Semi-Detached
Single Room Units Count 1
Other Units Unit 1,Unit 2
Price Per Sq Ft Total AG 143.3
Acceptable Financing Cash,Conventional
Historic Y/N No
Rent Control Y/N No
Vacation Rental Y/N No
Total SQFT 3000
Days on Market 706
Location Type Downtown
Lease Type Owner Occupied
Standard Status Active
Year Built Source Estimated
Tax Lot 0314
Cap Rate 6.80
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Natural Gas
Basement Dirt Floor
Hot Water Natural Gas
Furnished Units None
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Central Air Y/N No
LivingAreaSource Estimated

Exterior Features

Pool No Pool
Parking Features Private,Secure Parking
Lot Features Rear Yard,Road Frontage
Water Source Public
Total Parking Spaces 8
Type of Parking Driveway
Land Use Code R60
Foundation Details Block,Other
Spa No
Water View Y/N No
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.13
Lot Size Source Assessor
Land Assessed Value 34300.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19335

Price
AVG $760K
$430K
Taxes
AVG $4,412
$3,485
Visits
AVG 1225
1021
Data Provided by Inside Real Estate®
Year Built
AVG 1928
1950
Walkscore
AVG 73
75
Data Provided by Walkscore® not using MLS data