5425-5427 Wayne Ave - Apartments FOR SALE
Philadelphia, PA 19144 |
5425-5427 Wayne Ave
Philadelphia, PA 19144
HIGHLIGHTS
- - 72 Multifamily Units and Two Commercial Spaces || Located in Germantown Neighborhood of Philadelphia
- - 26% Proven Upside || Closing Loss to Lease Gap
- - Implement Renovation Program || Meet Superior Market Rents Through Unit Improvements
- - Big Ticket Cap-Ex Items Complete || New Electric Systems, Hot Water Heaters
- - Strong Market Fundamentals || Location is Attractive to Residents with Center City Employment; 9% YOY Rent Growth in Philadelphia Market
- - Transit Oriented Location || 1 Mile from Wayne Junction, Access to Germantown Avenue, Roosevelt Boulevard & Broad Street
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
5427 Wayne Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
65764
STORIES
4
YEAR BUILT
1927
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
881061500
