Active

200 W Wayne Ave

Wayne PA, 19087

$3,499,000


Active

5 Beds

Other

Built in 2017

Stunning multifamily trophy property, ideally located within walking distance to downtown Wayne, Pennsylvania. It's consists of a total of 7 rental units which includes four single story apartments, one two story townhouse-style apartment, and two rented garages, offering a blend of modern amenities and classic elegance. This property underwent a full renovation in 2017 and was restored to modern living while keeping its historic charm intact.

Property Features:
- High cash flow property
- Four Spacious Flats: Each unit boasts two bedrooms and two bathrooms, providing ample living space and privacy for tenants.
- Townhouse apartment: Boasts two stories of luxury living with two bedrooms and 2 and a half bathrooms
- Garages and Parking: Two garages are rented separately, and each unit has dedicated on-site parking, adding value and convenience for tenants.
- High-End Finishes: All units feature beautiful hardwood floors, extensive wood trim work, and stainless steel appliances, creating a luxurious living environment.
- In-Unit Laundry: Enjoy the convenience of a washer and dryer in each unit.
- Maintenance-Free and Self-Sufficient: This property is low maintenance with tenants responsible for all utilities, ensuring a hassle-free investment.

Additional Highlights:
- Fantastic Location: Nestled in the heart of Wayne, this property is walking distance to downtown, offering easy access to shops, restaurants, and public transportation.
- Strong Rental Income: With its modern amenities and prime location, this property is a cash cow, providing a robust and consistent rental income stream.
- Appealing to Tenants: The combination of beautiful historic charm, extensive trim work, and high-end finishes make these units highly desirable, ensuring low vacancy rates.

Investment Opportunity:
This property represents an exceptional investment opportunity with its combination of location, luxury features, and strong rental income. Whether you're expanding your portfolio or seeking a solid income-producing property, this multi-unit building is a standout choice.

Schedule a private showing today

Don't miss out on this incredible opportunity to own a premier investment property and cash cow in the heart of Wayne, PA.

PADE2072410

MLS ID

August 2, 2024

Listed

September 5, 2024

Updated

Map

200 W Wayne Ave
Wayne PA, 19087

Interior Features

Total Stories

4


Bedrooms

5


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Architectual Style

Dutch, Colonial


Sewer

Public Sewer

School Information

School District

RADNOR TOWNSHIP


High School

RADNOR


Elementary School

RADNOR

Other Property Details

Area Name

RADNOR TWP


Taxes

$20,884


Tax Frequency

Annually


Days on Market

35


Garage

Yes


Garage Spaces

2


Parking

Attached


Parking Total

2


View

No


County

DELAWARE


Water Source

Public


Pool

No

Listing History

Date

Event

Price

8/19/2024

Price change

$3,499,000

-10%

8/2/2024

Active

Listed by Christopher J Lombardi, with Glen Mary Real Estate LLC
Listing Contact: 9083343493 

The IDX display contains information sourced from the Bright MLS, Inc. as of 9/5/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Bright MLS, Inc. all rights reserved.

Data last updated on 9/5/2024 at 8:46 AM UTC

Powered byLuxury Presence