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Danielle Wateridge

danielle.wateridge@gmail.com +1(703) 639-8869

$ 235,000

Est. payment -/mo

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Pending

5327 WAYNE AVE Philadelphia, PA 19144

3,069 SqFt

UPDATED:

09/24/2024 04:07 AM

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 3,069 sqft

Price per Sqft $76

Subdivision Germantown

MLS Listing ID PAPH2382280

Style Tudor

Abv Grd Liv Area 3,069

Originating Board BRIGHT

Year Built 1890

Annual Tax Amount $3,999

Tax Year 2023

Lot Size 2,863 Sqft

Acres 0.07

Property Description

Unlock the potential of this exceptional multi-family investment opportunity in the thriving Germantown neighborhood! This well-positioned 5-unit property features a versatile mix of housing options, including two efficiencies, two one-bedroom apartments, and a spacious two-bedroom apartment, catering to a diverse range of tenants. With two out of five units currently occupied and generating steady rental income at $700 per month each, this property offers immediate cash flow and long-term investment potential. Each unit boasts its own electric meter, while the gas and hot water heater are shared, streamlining utility management. The property benefits from substantial rehab work—80% completed—setting the stage for a lucrative value-add opportunity.

With a Walk Score of 82, this property offers the convenience of completing most errands without needing a car. The Transit Score of 62 reflects excellent access to public transportation with numerous options nearby. For cyclists, the Bike Score of 64 indicates solid bike infrastructure.

Buyer needs to do their own due diligence to verify the zoning.

You’ll be surrounded by a range of dining options, including Kenny & Apo Seafood & Steaks, Joe's Pizza, A.M Five Star Cuisine, and First Wok. Educational facilities are close by, with schools such as Pennsylvania School for the Deaf, John B Kelly School, Greene Street Friends School, and Germantown Friends School in the area.

Grocery shopping is convenient with Wayne Avenue Health Store, Maplewood Nutrition & Dietary Food Shop, Chelten Market IGA, and Save-A-Lot nearby. The Chestnut Hill West Line is just 12 minutes away from the Chelten Avenue stop, offering easy regional access.

Recreation options are plentiful, with Kelly Playground, Happy Hollow Recreation Center, and Cloverly Park all within reach.

Please note, the property is being sold in as-is condition, without city certification, allowing for flexibility in your investment strategy. Seize this chance to enhance and manage a promising asset in a sought-after area.

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning RSA3

Rooms

Basement Full, Unfinished

Interior

Hot Water Electric

Heating Radiator

Cooling Window Unit(s)

Fireplaces Number 2

Fireplace Y

Heat Source Natural Gas

Exterior

Exterior Feature Porch(es)

Waterfront N

Water Access N

View Street

Accessibility None

Porch Porch(es)

Parking Type On Street

Garage N

Building

Lot Description Rear Yard

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Tudor

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 124112300

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

Listed by Maria Maria Quattrone Quattrone • RE/MAX @ HOME

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