Discover a rare investment gem in the rapidly developing Germantown neighborhood of Philadelphia. This five-unit multi-family property spanning over 5,000 Sq/Ft presents a unique chance to acquire a fantastic asset with minimal work remaining and can start cash flowing within a couple of months. With zoning approval for an on-site accessory parking space, the property offers added convenience and long-term value to both investors and tenants.
Recently renovated with approximately 80% of the work completed, this property requires some additional work to be fully rent-readyideal for investors seeking a light rehab project in a high-growth area. Once completed and leased, this property has the potential to become a strong performer in any rental portfolio.
The property currently has (4) 1 bed 1 bath units and (1) 2 bed 1 bath unit. Each unit has been updated with laminate floors throughout, brand new kitchens and baths, washers and dryers in each unit, and mini-split systems for heating and cooling. The front and back units on the second floor have decks which provide a great outdoor space really enhancing the marketability for each of those units. All units are powered by electric and have all separate meters making tenant billing and utility management straightforward and cost-effective. The projected monthly income you can expect for the 1 bed 1 bath apartments is about $1,200/month while the 2 bed 1 bath unit can be rented for $1,300/month. Rented under those conditions the property would gross $6,100/month and $73,200/year. This is a fantastic opportunity that can yield a great return on investment with huge upside potential. The property is being sold "As-Is", the seller will not be making any repairs. No city certificate will be provided to the buyer.
Conveniently located with a Walk Score of 86, this address offers exceptional accessibility most errands can be accomplished without a car. The Chelten Avenue Station (Chestnut Hill West Line) is just 11 minutes away, providing an easy commute to Center City Philadelphia. Outdoor enthusiasts will appreciate nearby Kelly Playground, Happy Hollow Recreation Center, and Cloverly Park for recreation and leisure.
Whether youre an investor seeking a high-performing multi-unit property, a contractor ready to complete the final touches, or a buyer looking to live in one unit and rent the rest, this Germantown multi-family opportunity delivers space, income, and location all in one package. Schedule your showing today!
Presented By: RE/MAX @ HOME
Interior Features for 5331 Wayne Avenue
Other Interior Features
Central Air Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Total Stories3
General for 5331 Wayne Avenue
Acceptable FinancingCash, Conventional, FHA, VA
Accessibility2+ Access Exits
Association Recreation FeeN
Business TypeApartment Building
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelNatural Gas
CoolingDuctless/Mini-Split
CountyPHILADELPHIA
DirectionsComing from the east side of Knox St, continue straight and turn right onto W Penn St. The property is the corner home located at the intersection of W Penn St and Wayne Ave.
HeatingForced Air
Historic Y/NNo
Lease Considered Y/NNo
Location TypeUrban
Lot Size Square Feet2400.00
Lot Size UnitsSquare Feet
MLS Area19144 (19144)
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total5
OwnershipFee Simple
PossessionImmediate
Possible UseApartment Building, Apartments, Multi-Family, Residential
Price Per Sq Ft Total AG79.0
Property ConditionGood
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameGERMANTOWN
Tax Annual Amount5249.0
Tax Assessed Value375000.0
Tax Lot108
Tax Year2025
Total Actual Rent73200.00
TransportationAirport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station less than 1 mile
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