5302 Wayne Ave, Philadelphia, PA, 19144

USD 450,000
For Sale

Property Details

Bedrooms

4

Property Type

Single Family

Description

Property Details: • Type: Single Family • Bedrooms: 4 • Bathrooms: 0 • Square Feet: 3291 • Lot/Size: 2,782 sqft lot

Description: 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. 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 one 2 bedroom, two1 bedroom units and one efficiency. Bright units with north, south and east exposures across three floors in converted Victorian grand home. -Annual rent of $64,200 is only for residential rent, so CAP rate is high

Location

Address

5302 Wayne Ave, Philadelphia, PA, 19144

City

Philadelphia

Features and Finishes

Year Built: 1890; [object Object]; [object Object]; [object Object]

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