Pennsylvania Logo

150 Lincoln Highway, Coatesville, PA 19320

11 Bed, 4 Bath Multi-Family Home For Sale

150 Lincoln Highway, Coatesville, PA 19320 House For Sale - MLS #6619942
$427,500
11
4
Multi-Family
5+ Family
9
This listing is courtesy of Re/Max Professional Realty.

Get $8,550 (2% of purchase price) back on this home as part of our MassRealty Premier Program


Property Description for 150 Lincoln Highway, Coatesville, PA 19320

TURN-KEY, 9 Unit, Fully Rented, High NOI. RECENTLY UPGRADED, yielding exceptional rent. 16,000+ SF Prime Real Estate consisting of 7 Apartments, and 2 Commercial Lease Spaces. The tenant pays all utilities: Water; Sewer; Electric & Heat (the water is separated/metered separately), except for 2 apartments which the lessor pays Water/Sewer ($139.33 per month total lessor water & sewer bill, included in NOI calculation). The two commercial spaces are located on the ground level and are NNN (tenant pays: Water, Sewer, Electric, Heat, A/C, Maintenance, and Proration of Taxes, Insurance & Trash). The commercial leases have annual rent escalation in the leases, and unit identified as #8 in MLS will increase to $800 on January 1, 2016. All of the apartments have been renovated/upgraded over the past 3 years, w the exception of one unit w long standing lessee (apt 152 3W), all upgrades performed w an eye toward future cost savings when changing tenants, including more costly ceramic tile & hardwood flooring in the high traffic areas - selected for its durability & ease of cleaning, while some other areas are carpeted. Engineering plans have been developed to create 3 addition apartments within the commercial unit which has a storefront on Harmony St., offering potential for even higher return on the space (currently leased by shirt printing business). Each commercial space has its own valuable storefront, one addressed as 150 E. Lincoln Hwy (successful Bakery lessee), and one addressed 151 Harmony St., YES, the building spans the entire depth of the block, creating 2 separate street addresses for one massive building. Being the former "Palace Movie Theater", the interior was a wide open clean slate when developed into apartments, allowing for logically organized apartment layouts without any privacy breaches (not all chopped up), as opposed to the common less valuable result of squeezing multiple units into a less accommodating footprint. All common areas are protected by a centrally monitored smoke detector system ($10,000 installation). All apartments have electric baseboard heat, the commercial spaces have gas heat & Central Air, lessee maintained. Pre-approval Letter or POF required prior to showings. Note: the advertised annual maintenance costs includes supplies

Interior Details

Public Sewer
Public Water
Cable TV Available; Store/Office

Exterior Details

0.13 acres
5,663 sq. ft.
Street

Other Details

6619942
$3,695

Units Description

Unit #1
Living Area: 1,000 sq. ft.      Bedrooms: 4      Full / Half Baths: 1      Rent: $1,080     

Unit #2
Living Area: 1,000 sq. ft.      Bedrooms: 3      Full / Half Baths: 1      Rent: $1,000     

Unit #3
Living Area: 700 sq. ft.      Bedrooms: 2      Full / Half Baths: 1      Rent: $815     

Unit #4
Living Area: 800 sq. ft.      Bedrooms: 2      Full / Half Baths: 1      Rent: $800     

Create a free account to see additional details for this home (school information, taxes, exterior details, etc...)

Request more information or Schedule an Appointment

We are dedicated to meeting all your needs in a prompt manner. In most cases, we will call you back the same day or at the most 24 hours. You can also reach us at (717) 983-8811 or email us at sales@pennsylvaniahomes.com.








Create a free account for me

Homes For Sale Near 150 Lincoln Highway, Coatesville, PA 19320

409 Beacon Street, Birdsboro, PA 19508 Home For Sale - MLS #6504625 $89,500
Single Family
2 Bed, 1.5 Bath
24 Photos

Keller Williams Realty Elite-Wyomissing

226 Oak Terrace Drive, Birdsboro, PA 19508 Home For Sale - MLS #6586538 $194,995
Single Family
3 Bed, 2 Bath
24 Photos

Berkshire Hathaway Homesale Realty - Wyomissing

577 Cedar Hill Road, Birdsboro, PA 19508 Home For Sale - MLS #6606898 $290,000
Single Family
3 Bed, 3 Bath
23 Photos

Re/Max Of Reading

102 Old Airport Road, Douglassville, PA 19518 Home For Sale - MLS #6611048 $279,900
Single Family
4 Bed, 2+ Bath
25 Photos

Keller Williams Realty Group

59 Mildred Avenue, Birdsboro, PA 19508 Home For Sale - MLS #6644612 $34,900
Single Family
3 Bed, 2 Bath
11 Photos

Chris James Hector Realty

Listings Similar to 150 Lincoln Highway, Coatesville, PA 19320

$365,000 303 Main Street, Atglen, PA 19310 House For Sale - MLS #6407515
Posted 49 months, 7 days ago

Investor Alert: Fully-occupied Six Unit Multi-Unit investment opportunity!! All units (6) completely updated with the following: New Carpeting, New Kitchen Flooring, Kitchen Cabinets, Kitchen Countertops, Kitchen Sinks, Refrigerators, Stoves, Bathroom Vanities & Sinks, Toilets and Hot Water Heaters. All bathtubs have been resurfaced. Fresh Paint throughout. Upgraded electrical panels in some...

Read More

Listing courtesy of Beiler-Campbell Realtors-Kennett Square.



$240,000 28 2nd Avenue, Coatesville, PA 19320 House For Sale - MLS #6453657
Posted 49 months, 7 days ago

Loads of income potential in this 5 unit PLUS a storefront in Coatesville. Storefront and 4 of the 5 units are currently rented out and waiting for you to take over! Storefront has remained rented for a number of years and rents for $500 a month. Rear unit is a 1 bedroom, 1 bath with long term tenant for $500 a month. Vacant first floor 1 bedroom is freshly painted with new carpet and has the...

Read More

Listing courtesy of Keller Williams Real Estate -Exton.



$259,900 260 Lincoln Highway, Coatesville, PA 19320 House For Sale - MLS #6470887
Posted 49 months, 7 days ago

Great 6 Unit Bldg with 2 Store Fronts in up and coming City of Coatesville. New Marriott and Walgreens are now opened and New Train Station Has been approved. Great opportunities are being generated from these additions. A Beauty Salon is on the ground floor and a small store next to it. Apartments are in good condition. Make an Appointment today.


Listing courtesy of Century 21 Precision Realty.



$344,000 101 Colins Way, Coatesville, PA 19320 Home For Sale - MLS #6629447
2,976 sq. ft.
Posted 49 months, 7 days ago

Price Improvement of $10,000! Everything one could want and more! Located right around the corner from the Brandywine Hospital, Brandywine YMCA and the 30 Bypass Over $50K in builders upgrades throughout! One of three homes located on a one acre, level lot is all about location, location! A One Year AHS Home Warranty offered with purchase valued at $450.00. A stone front with vinyl siding and...

Read More

Listing courtesy of Coldwell Banker Preferred-Exton.



My Notes

Save Favorites

Keep Notes

Create a free account to track your favorite listings

Mortgage Calculator


(20%)

Monthly Mortgage Payments

$1,942
$2,705

Town Description

The first known settlement in the area which would be known as Coatesville was a Native American village built along the Brandywine River. This settlement was a post for fur trading with the earliest...

Read More