$299,900 Price reduced from $350,000 (-$50,100)
  • -- Beds
  • -- Baths
  • 3,904 sqft
  • Commercial
  • Active

Property Description for 5300 WAYNE AVE, PHILADELPHIA PA 19144

Excellent income producing mixed-use corner property including 5 units and a successful fully equipped laundromat business included in the sale. 2 commercial units currently fitted with a hair saloon/barbershop and a laundromat make up the ground floor with 3 residential apartments above (2x 1-bedrooms & 1x 2-bedrooms). Currently the 1-bedroom units are vacant and require some TLC. The laundromat features 18 commercial Maytag washers and 21 dryers. The property is currently underutilized, a savvy landlord can easily obtain a 13% cap with current expenses. Take advantage of an old church across the street being converted into a brand new community center adding traffic to the location. This property is a must to add to your property portfolio if you are looking for both passive and residual income.

  • Property Class: Commercial
  • Listing Status: Active
  • State: PA
  • Zip: 19144
  • Area: Philadelphia – 19144
  • Class: Commercial
  • Approx Lot Size: 0.060
  • Baths (F/H): -- / --
  • Living Area (SqFt): 3,904 sqft
  • Lot Sq Ft Apx: 2675.00
  • Year Built: 1918
  • Listing#: 6974082
  • School District: Philadelphia
  • Tax Year: 2017
  • List Date: 5/2/2017
  • Last updated on: 8/23/2017

Property Features for 5300 WAYNE AVE, PHILADELPHIA PA 19144

  • Building Or Business: Commercial, Professional, Retail, Apartmnt BLD, Salon
  • Sewer Septic: Public Sewer
  • Property Age: 99
  • Water: Public
  • Exterior: Brick, Stucco
  • Roof: Shingleroof, Slate
  • Building Features: Securitysys
  • Roads: Boro/Township

Additional Information for 5300 WAYNE AVE, PHILADELPHIA PA 19144

  • School District: Philadelphia
  • Building Floors: 2.00
  • Improv Assessed Amt: $278,866
  • Interior Square Feet Source: A
  • Land Only: False
  • Land Use Code: L41
  • Lot Dimensions: 25X107
  • Lot Number: 141
  • Ownership: Fee Simple
  • Property Option: Sale
  • Total Assessment: 303100.00
  • Water Front: False
  • Total Taxes: $4,243
  • Listing Area: Philadelphia – 19144
  • Subdivision: Germantown
  • Annual Gross Expense: 12780.00
  • Annual Gross Income: 44256.00
  • Bathrooms: Three+Bath
  • Listing ID: 6974082
Courtesy of RE/MAX Elite
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