5322 WAYNE AVENUE Philadelphia, PA 19144

Building Details

Year Built

1890

Listing office Keller Williams Real Estate-Blue Bell s***@gmail.com Show Phone

Listing date Aug 29, 2024

Source Exitrealty

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Investment Insights

Based on property information with market context.

Located in Germantown, this fully occupied legal triplex with rental licenses presents an opportunity for house hacking. The classic twin home features three 2-bedroom, 1-bath units, designed for comfort and functionality. A bonus studio unit, complete with a full kitchen and bath, provides a space for a caretaker or guests, enhancing the property's versatility. The building generates $43,200.00 in rent, and the bonus space was previously rented for $400 per month. The property has undergone recent renovations and upgrades, and offers an opportunity for new owners to apply their finishing touches. This property offers the chance to generate income and offset mortgage costs. Investors may appreciate the potential to add a fully rented asset to their portfolio in a desirable location. The property size is 2648 square feet.

Key Highlights

• Fully occupied legal triplex generating $43,200 annually.
• House hacking potential to offset mortgage costs.
• Bonus studio unit with full kitchen and bath.

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FAQs

What type of property is this?

Triplex - Fully occupied triplex with bonus studio in desirable Germantown.

Where is this triplex located?

The property is located at 5322 WAYNE AVENUE Philadelphia, PA.

What is the asking price?

The asking price for this property is $369,000.

What are key features of this property?

This property features: Fully occupied legal triplex generating $43,200 annually.; House hacking potential to offset mortgage costs.; Bonus studio unit with full kitchen and bath.