5327 Wayne Avenue
Philadelphia, PA 19144
- – beds
- – baths
- 3,069 sqft
- 2,863 sqft lot
- $76 per sqft
- 1890 build
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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.
Listing courtesy of BRIGHT / RE/MAX @ HOME
Last checked:
Checking…
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Last updated Nov 27, 2024
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MLS# PAPH2382280 —
The Building
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Year Built:1890
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Masonry
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Building Units Total:4
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Structure Type:Twin/Semi-Detached
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Historic:No
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Architectural Style:Tudor
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Accessibility Features:None
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Foundation Details:Block
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Basement:Yes
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Basement Type:Full, Unfinished
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Estimated
Interior
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Fireplace:Yes
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Fireplaces:2
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:3069
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Living Area SqFt:3,069 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash
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Buyer Financing:FHA 203(k)
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Possession:Immediate
Location
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Directions:To reach 5327 Wayne Ave, Philadelphia, PA 19144, start from the main road, Germantown Avenue. Head northwest on Germantown Avenue and continue straight until you reach the intersection with Queen Lane. Turn left onto Queen Lane and proceed for about half a mile. Turn right onto Wayne Avenue, and you will find 5327 Wayne Ave on your right.
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Cross Street:W Penn St
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Latitude:40.02874374
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Longitude:-75.17315674
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Location Type:Urban
The Property
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Property Type:Multi-Family
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Property Subtype:Quadruplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.07
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Lot Size Source:Estimated
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Lot Features:Rear Yard
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Lot SqFt:2,863 Sqft
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Exclusions:Tenant's Belongings
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Zoning:RSA3
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View:Street
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Outdoor Living Structures:Porch(es)
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:H50
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (215) 607-3523
- Office phone:
- (215) 607-3535
Taxes
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Tax ID Number:124112300
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Tax Year:2023
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Tax Lot:87
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Tax Annual Amount:$3,999
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Tax Assessed Value:$285,700
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Year Assessed:2023
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School Tax:2194.0
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City/Town Tax:1804.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Radiator
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:The School District Of Philadelphia
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School District Source:Listing Agent
The Community
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Subdivision Name:Germantown
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Exterior Features:Street Lights, Sidewalks
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
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Municipal Trash:Yes
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Transportation:Airport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Other Units:Unit 1,Unit 2,Unit 4,Unit 5,Unit 3
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Vacation Rental:No
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Single Room Units:2
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One Bedroom Units:2
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Two Bedroom Units:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/22/24
Nov 22, 2024
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Sold | BRIGHT | $235,000 | |
8/22/24
Aug 22, 2024
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Pending | BRIGHT | $235,000 | |
8/21/24
Aug 21, 2024
|
Price Changed | BRIGHT | $235,000 | 4.4% |