Class A Downtown Apartment
For Sale
Contact for pricing
Pending
200 W Wayne Ave, Wayne, PA 19087
Class A apartment building renovated and built in 2017, currently operating with tenants in place.
Property SizeContact for details
Days on Market135
Property Features for 200 W Wayne Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Building Details
Tenancy
Multi
Listing Agency:
Lombardi Residential
Listed By:
Christopher Lombardi · License #PA RM422451
Source:
Crexi
Added: Apr 11
Changed: Aug 11
Last Checked: Aug 23 at 11:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lombardi Residential
Investment Insights
Based on property information with market context.
This Class A apartment building was renovated and built in 2017 and has been maintained as an apartment building. The property is described as having established tenants, with tenants on auto pay and tenants paying utilities. The remarks also note limited day-to-day management responsibilities.
The building is located in the heart of downtown Wayne, Pennsylvania, at 200 W Wayne Ave. The seller states rents are below market and could increase by at least $500 more per unit without capital improvements.
Prospective buyers should review current unit mix, lease terms, and operating history, as the available information focuses primarily on the building’s 2017 renovation and the in-place tenant payment and utility setup.
The building is located in the heart of downtown Wayne, Pennsylvania, at 200 W Wayne Ave. The seller states rents are below market and could increase by at least $500 more per unit without capital improvements.
Prospective buyers should review current unit mix, lease terms, and operating history, as the available information focuses primarily on the building’s 2017 renovation and the in-place tenant payment and utility setup.
Key Highlights
- Class A apartment building renovated and built in 2017
- Currently operating with tenants in place
- Tenants are on auto pay and pay utilities
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,537
Businesses Nearby
Explore this area
Business Placement
Demographics for 19087, PA
33,501
Population
12,829
Households
2.6
Avg Household Size
40
Median Age
78%
College-Educated
97%
High-School Grad
15.6 sq mi
ZIP Area
2,148
Density / Sq Mi
$165,451
Median Household Income
$71,234
Median Earnings
$2,130
Median Rent
$693,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Class A apartment building renovated and built in 2017, currently operating with tenants in place.
Where is this apartment building located?
The property is located at 200 W Wayne Ave Wayne, PA.
What are key features of this property?
This property features: Class A apartment building renovated and built in 2017; Currently operating with tenants in place; Tenants are on auto pay and pay utilities
