Patterson-Schwartz Real Estate200 W Wayne Avenue, Wayne, PA 19087-3932 $3,449,000
Acreage: 0
Age:7 years
Taxes: $20,884
Design/Type:
Detached
Description
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.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Elem. School: Radnor Mid. School: Radnor High School: Radnor
Features
Utilities
Forced Air Heating, Natural Gas, Central A/C, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
Attached Garage, Parking Lot, Additional Storage Area, Basement Garage, Attached Garage Spaces #: 2;
Interior
Accessibility - 2+ Access Exits
Exterior
Slab Foundation, Frame Exterior, HardiPlank Type, Masonry
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (18 schools)
Public Middle (7 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Radnor Middle School | Radnor Township School District | 6–8 | Wayne | 0.31 mi |
| Black Rock Middle School | Lower Merion School District | 5–8 | Villanova | 2.82 mi |
| Tredyffrin-Easttown Middle School | Tredyffrin-Easttown School District | 5–8 | Berwyn | 2.98 mi |
| Valley Forge Middle School | Tredyffrin-Easttown School District | 5–8 | Wayne | 3.51 mi |
| Pennsylvania Virtual Charter School | Pennsylvania Virtual Charter School | K–12 | King of Prussia | 3.7 mi |
| Upper Merion Middle School | Upper Merion Area School District | 5–8 | King of Prussia | 3.99 mi |
| Agora Cyber Charter School | Agora Cyber Charter School | K–12 | King of Prussia | 4.2 mi |
Public High (8 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Radnor Senior High School | Radnor Township School District | 9–12 | Radnor | 1.74 mi |
| Conestoga Senior High School | Tredyffrin-Easttown School District | 9–12 | Berwyn | 3.27 mi |
| Pennsylvania Virtual Charter School | Pennsylvania Virtual Charter School | K–12 | King of Prussia | 3.7 mi |
| Upper Merion High School | Upper Merion Area School District | 9–12 | King of Prussia | 3.85 mi |
| Delaware County Technical High School-Ma | Delaware County Technical High School | 9–12 | Aston | 3.9 mi |
| Harriton Senior High School | Lower Merion School District | 9–12 | Bryn Mawr | 4.04 mi |
| Agora Cyber Charter School | Agora Cyber Charter School | K–12 | King of Prussia | 4.2 mi |
| Marple Newtown Senior High School | Marple Newtown School District | 9–12 | Newtown Square | 4.27 mi |
Private (57 schools)
© 2024 LiveBy. All Rights Reserved.
This report is a detailed community overview for Wayne (19087), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 26
- Average salary of people in this community: $110,288
Community Summary
- Population Density (ppl / mile): 2,049
- Household Size (ppl): 2.57
- Households w/ Children: 64%
Housing Inventory
- Owned: 9,076 (71.8%)
- Rented: 2,767 (21.9%)
- Vacant: 801 (6.3%)
- Total: 12,644
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 0.6%
- Some High School: 1.9%
- High School Graduate: 7.3%
- Some College: 8.0%
- Associate Degree: 3.6%
- Bachelor's Degree: 38.9%
- Graduate Degree: 39.6%
Income by dollar range
Median Income: $145,769
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $1,543
- One Bedroom: $1,302
- Two Bedroom: $1,591
- Three Bedroom: $2,141
- Four Bedroom: $2,595
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-576-6862
Listing Courtesy of: Glen Mary Real Estate LLC , (732) 630-3000, chris@glenmary.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 11/05/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
