5321 Wayne Ave Philadelphia, PA 19144

This 42-unit multifamily community is located in the Germantown section of Philadelphia. The property comprises 10 efficiency units, 16 studio units, 12 one-bedroom, one-bathroom units, and four two-bedroom, one-bathroom units. The building is fully electric, featuring electric baseboard heat, window unit air-conditioning, in-unit electric hot-water tanks, and electric cooking. Basement laundry facilities are available for resident use. The owner is responsible for common area electricity, water, and gas, with gas only used for the laundry machines. Units are individually metered for electricity. The property presents a mark-to-market opportunity. Achieving market rents of $995 for efficiencies and studios, $1,175 for one-bedroom, one-bathroom units, and $1,350 for two-bedroom, one-bathroom units could increase scheduled rent to $45,370 per month or $544,440 per year, creating $41,640 in immediate annual upside. Germantown is a historic, walkable Northwest Philadelphia neighborhood centered on Germantown Avenue and served by multiple transit options. The property is situated near Wayne Junction and Queen Lane Regional Rail stations, providing access to Center City and other employment hubs. SEPTA bus routes, including Route 65 on the Germantown–Chelten corridor, also serve the area. Nearby institutions include La Salle University and the Drexel University College of Medicine Queen Lane campus, with Temple University Health Center a short drive away. Daily-needs retail is available along Germantown Avenue and at neighborhood grocers such as Wayne Supermarket on Wayne Avenue.