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About This Home
This 0-bedroom, 0-bathroom residential multi family at 5302 WAYNE Avenue in PHILADELPHIA, PA is listed for $450,000 ($137 per sqft). Built in 1890, the home offers 3,291 sqft of living space on a 0.06 acres lot.
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 higher with storefront rental.
Key Features
- Built in 1890
- 0.06 acre lot
Property Details
Amenities
Monthly Cost Estimate
$2,407/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5302 WAYNE Avenue
PHILADELPHIA, PA 19144
GERMANTOWN (WEST)
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 5302 WAYNE Avenue is listed at $450,000 ($137/sqft). The estimated monthly payment is $1,950 based on 20% down at 6.5% interest.
Key features include: Built in 1890, 0.06 acre lot.
This property is listed by Matthew J Aragona and can be reached at 6107453211 or matt.aragona@compass.com.
