Philadelphia, PA 19144 5322 Wayne Avenue

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Presented By: Keller Williams Real Estate-Blue Bell
  • MLS# PAPH2388770
  • 08/29/2024
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  • Beds • 6

Home Details

Presenting an exceptional opportunity in Germantownthis expansive triplex offers the ultimate in house hacking potential. This classic twin home features three generously sized 2-bedroom, 1-bath units, each thoughtfully designed to maximize comfort and functionality. Additionally, a bonus studio unit, complete with a full kitchen and bath, provides an ideal space for a caretaker or guests, enhancing the property's versatility. The building is currently generating $44,400 in rent and the bonus space was previously rented for $400/month. Upon entering, you'll be greeted by a stately foyer that leads to well-appointed living spaces. While the property has undergone recent renovations and upgrades, it presents a unique opportunity for new owners to apply their finishing touches. For the savvy buyer, this property offers the chance to generate significant income and offset mortgage costs. Investors will appreciate the potential to add a fully rented asset to their portfolio in a highly desirable location. This is more than just a property; its a strategic investment in your future. Seize the opportunity to acquire a versatile, income-generating residence in one of Germantown's sought-after neighborhoods.
Presented By: Keller Williams Real Estate-Blue Bell

Interior Features for 5322 Wayne Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
BasementFull
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 5322 Wayne Avenue

Acceptable FinancingCash, Conventional
AccessibilityNone
Architectural StyleTraditional
Cap Rate8.70
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNone
CoolingNone
CountyPHILADELPHIA
DirectionsUse GPS
Electric200+ Amp Service, Circuit Breakers
ExclusionsTENANT PROPERTY
Garage Y/NNo
Gross Income44400.00
HeatingForced Air, Hot Water, Baseboard - Electric
Insurance Expense3410.00
Lease TypeLong Term
Lot Size Square Feet2655.00
Lot Size UnitsSquare Feet
MLS Area19144 (19144)
ModificationTimestamp2025-04-29T19:21:36
MunicipalityPHILADELPHIA
Net Operating Income34884.48
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
NumberOfUnitsVacant
One Bedroom Units Count
Operating Expense9515.52
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 3
OwnerPaysWater, Insurance, Taxes - Real Estate, Common Area Maintenance
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG143.13
Property SubtypeTriplex
Property TypeMulti-Family
School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeTwin/Semi-Detached
Tax Annual Amount5088.0
Tax Assessed Value363500.0
Tax Lot161
Tax Year2025
Total Actual Rent44400.00
Total SQFT2648
Trash Expense520.00
Two Bedroom3
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1890
Year Built SourceAssessor
ZoningRTA1

Exterior for 5322 Wayne Avenue

Foundation DetailsBrick/Mortar
Land Assessed Value72700.00
Land Use CodeN50
Lot Dimensions26.00 x 103.00
Lot Size Acres0.06
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $379,000
MLS#PAPH2388770
List Date 08/29/2024
Property Type Multi-Family
Phone 703.929.4729
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