Detached single duplex on large lot. Current Radnor Twp. Rental Certificate available. Vacant. 2 car detached garage. Separate heat. Also available with 305 W. Wayne, also a duplex. Seller would like to sell both properties together.
Stunning multifamily trophy property, ideally located within walking distance to downtown Wayne, Pennsylvania. Itâs 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 Donât miss out on this incredible opportunity to own a premier investment property and cash cow in the heart of Wayne, PA.
The median home value in Wayne, PA is $922,000. This is higher than the county median home value of $299,800. The national median home value is $338,100. The average price of homes sold in Wayne, PA is $922,000. Approximately 53.31% of Wayne homes are owned, compared to 42.76% rented, while 3.93% are vacant. Wayne real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Wayne real estate agent to arrange a tour today!
Wayne, Pennsylvania has a population of 7,425. Wayne is more family-centric than the surrounding county with 34.68% of the households containing married families with children. The county average for households married with children is 30.31%.
The median household income in Wayne, Pennsylvania is $106,590. The median household income for the surrounding county is $80,398 compared to the national median of $69,021. The median age of people living in Wayne is 42.5 years.
The average high temperature in July is 86.9 degrees, with an average low temperature in January of 25.1 degrees. The average rainfall is approximately 44.8 inches per year, with 16 inches of snow per year.