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5302 WAYNE AVENUE

PHILADELPHIA, PA 19144

MLS#: PAPH2613416

$450,000

Status: Active
Listing number: PAPH2613416
Listing provided by: Compass Pennsylvania, LLC
Listing agent phone: None
Last update: 3 hours ago
On site: 7 days ago
Browse Properties
GERMANTOWN (WEST) - Residential Income

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1890

Sq.Footage

3,291

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 at over 10% CAP rate based on residential units alone of $64,200, approximately 14% with commercial rents. Includes two storefronts, most recently used as office space in one, and ice cream store 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). Bright units with north, south and east exposures across three floors in converted Victorian grand home. Most recent rentals had city rental licenses.

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3291.0

  • Cooling YN

    YES

  • Cooling

    Window Unit(s), Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.06

  • Lot Size(square feet)

    2782.0

  • Property Type

    Residential Income

  • Property Sub Type

    Townhouse

  • Architectural Style

    Other

Price

  • Sales Price

    $450,000

  • Tax Amount

    $2,406

  • Sq. Footage

    3, 291

  • Price/SqFt

    $136

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • New Construction

    NO

  • Foundation Details

    Other

  • Sewer

    Public Sewer

  • Tax Lot

    154

  • Water Source

    Public

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Location

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PHILADELPHIA

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Listing Courtesy of David W Feldman , Compass Pennsylvania, LLC

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Todd Polinchock

Call Todd today to schedule a private showing.

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todd@tntrealestatesolutions.com


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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 at over 10% CAP rate based on residential units alone of $64,200, approximately 14% with commercial rents. Includes two storefronts, most recently used as office space in one, and ice cream store 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). Bright units with north, south and east exposures across three floors in converted Victorian grand home. Most recent rentals had city rental licenses.

5302 WAYNE AVENUE

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