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5425-5427 Wayne Ave
Philadelphia, PA 19144
5427 Wayne Apartments · Multifamily Property For Sale
·
72 Units
Investment Highlights
- - 72 Multifamily Units and Two Commercial Spaces || Located in Germantown Neighborhood of Philadelphia
- - Implement Renovation Program || Meet Superior Market Rents Through Unit Improvements
- - Strong Market Fundamentals || Location is Attractive to Residents with Center City Employment; 9% YOY Rent Growth in Philadelphia Market
- - 26% Proven Upside || Closing Loss to Lease Gap
- - Big Ticket Cap-Ex Items Complete || New Electric Systems, Hot Water Heaters
- - Transit Oriented Location || 1 Mile from Wayne Junction, Access to Germantown Avenue, Roosevelt Boulevard & Broad Street
Property Facts
| No. Units | 72 | Lot Size | 0.65 AC |
| Property Type | Multifamily | Building Size | 65,764 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built/Renovated | 1927/1999 |
| Zoning | RM4 | ||
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 65,764 SF |
| Average Occupancy | 92% |
| No. Stories | 4 |
| Year Built/Renovated | 1927/1999 |
| Zoning | RM4 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Gated
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 55 | - | 750 |
| 2+1 | 17 | - | 900 |
Property Taxes
| Parcel Number | 881061500 | Improvements Assessment | $2,793,140 |
| Land Assessment | $1,197,060 | Total Assessment | $3,990,200 |
Property Taxes
Parcel Number
881061500
Land Assessment
$1,197,060
Improvements Assessment
$2,793,140
Total Assessment
$3,990,200
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