200 W Wayne Ave Wayne, PA 19087

Listing agency Lombardi Residential

Listed by Christopher Lombardi · License #PA RM422451

Source Crexi

Added: Apr 11 Updated: Jul 21 at 12:22PM Checked: Jul 21 at 12:22PM

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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.

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

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FAQs

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