5327 WAYNE AVE Pending Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19144
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)
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