5337 Wayne Ave, Philadelphia, PA 19144

Property Description

Get ready for the ultimate house hack! Welcome to this large LEGAL triplex in dynamic and historic Germantown. This multi-family twin spans over 3200 square feet, has high ceilings throughout, great sunlight, and loads of room for your TLC and finishing touch. Super large bedrooms make these units attractive to tenants, offering ample space for rental income generation. With a bi-level architectural style and a combination of hardwood and luxury vinyl plank flooring, the property is positioned to attract a diverse range of tenants. The unfinished basement with walkout stairs provides additional potential for expansion or conversion into additional living space, enhancing rental value. The property features three 2 Bedroom, 1 Bath units, on each floor. Each unit also boasts fireplaces, which can be restored for function or repurposed to add character and appeal. Lot features include a manageable 0.06-acre size with a rear yard and side yards, allowing for outdoor amenities or tenant enjoyment. On-street parking is available, increasing accessibility for residents. This property offers a solid foundation for upgrades that can significantly increase market value. Investors will appreciate the potential for cash flow through rental income, as well as the opportunity to enhance property value through strategic improvements. Right up the street from Germantown Friends and Greene Street Friends, you also have Weavers Way Co-Op and coffee shops within walking distance. Convenient to public transportation and major roadways, this is a location that cannot be beat. Don't miss the chance to either start your real estate portfolio or add this promising asset to your existing one.