524 E Lincoln Hwy, Coatesville, PA 19320

See Commercial Listing# PACT415216 for itemized apartment rents & descriptions. Turn-Key, 7 unit, fully rented with automatic electronic rents (no checks!). (Group Showing Sat 2/16 @ 2 pm). The 6 residential apartments average $824 per month, resulting in high NOI and ROI. In addition to the apartments, the detached 3 car garage with service pit, loft, and decommissioned bathroom facility, fronting on Harmony St., is rented for an additional $310mo. The garage has been continuously rented for the entire duration of the landlord's ownership. Additional income is produced by storage rental units located in the basement (on leases) and a coin-op laundry in the basement, which is managed by a coin-op laundry company (no landlord interaction needed, the equipment is owned and serviced by the coin-op management company). The electrical is upgraded with circuit breakers and separate meters for each unit. Tenants also pay heat based on actual use. Service provided by Energy Management System (EMS). A single gas fired boiler heats the entire building and the EMS system measures the amount of heat used by each unit. In addition to actual heat used, tenants also pay a $30/mo flat fee for hot water. Landlord pays sewer, water, and trash. The on-street parking removes the maintenance cost and liability of a parking lot. On-street parking is plentiful in front of the subject building. A convenient adjoining parking lot is available to the tenants if desired, for $30/month, courtesy of the neighboring landlord. This beautiful 7,000 SF Victorian Mansion was ideal for creating 6 large apartments without being all chopped-up, many with private balconies and porches, plus a common space with a wraparound porch. Situated in a beautiful location across from the renovated Public Library, the gorgeous New Life Christ Fellowship Church is one door down, and the Genesis A.M.E. Zion Church is the next property on 5 th Ave. Zoned mixed use, office, professional & retail use permitted (current