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5302 Wayne Ave

Philadelphia PA 19144

4
3291 sq. ft.
2782 sq. ft.
Other
Currently for sale - view listing

Overview

Fantastic value add investment opportunity in the heart of West Germantown, close to Chelten Avenue corridor and Wayne Junction, with extensive transit access. Steadily growing commercial corridor with tremendous upside opportunity. Currently ready to deliver vacant, was recently rented with total annual rental income of $90,000, approximately 15% CAP RATE Includes two storefronts, most recently used as office space in one ($1200), and ice cream store ($950) in the other. Four residential units with partial updates including (with last rents) one 2 bedroom ($2100), two1 bedroom units ($1900 and $750) and one efficiency ($600). All electric heating and hot water, separately metered. Bright units with north, south and east exposures across three floors in converted Victorian grand home. Most recent rentals had city rental licenses.

Features

4 bedrooms
3291 sq. ft. floor area
2782 sq. ft. lot size
Other

Property history for 5302 Wayne Ave

2019
Sold
$275,000
16 Dec 2019 by David Sweeney, of UNREAL ESTATE BROKERAGE LLC

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