MLS#PAPH2616850
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONGERMANTOWN (WEST)
SCHOOLPHILADELPHIA CITY
Property 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 with total annual rental income of $90,000, approximately 15% CAP RATE Includes two storefronts, most recently used as office space in one ($1200), and ice cream store ($950) in the other. Four residential units with partial updates including (with last rents) one 2 bedroom ($2100), two1 bedroom units ($1900 and $750) and one efficiency ($600). All electric heating and hot water, separately metered. Bright units with north, south and east exposures across three floors in converted Victorian grand home. Most recent rentals had city rental licenses.
Property Features
Property Type: Commercial -
Cooling: Window Unit(s)
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.06 Acres
Taxes: $2,406
Year Built: 1890
Feature Descriptions
Days on Site: 4
Exterior: Masonry, Vinyl Siding
Location: Urban
Lot Dimensions: 0.06 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 6
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Compass Pennsylvania, LLC
Agency Phone: 2674358015
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
5302 Wayne Avenue | MLS# PAPH2616850
This commercial property located at 5302 Wayne Avenue, Philadelphia, PA 19144 is currently listed for sale with an asking price of $450,000. Wayne Avenue is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.