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    5139 Wayne Avenue

    PHILADELPHIA, PA 19144
    • $1,200,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: PAPH923726
    UPDATED: 74 min ago
    $1,200,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,949
      SQFT
    • $407
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1900
    County:

    School Ratings & Info

    Description

    Don't miss out on this great opportunity to purchase over 12,000 square feet of developable land in up and coming Germantown and build 48 units by right! Currently, there is a single-family home on the property which can either be torn down to develop the entire parcel or renovated into a single family or multifamily building to provide cash flow before developing the parcel. The current owner has completed a property survey and geotechnical soil tests. No environmental testing is required. A zoning plan for a building with 47 one bedroom and 1 two-bedroom units has been submitted to the city. The development plan utilizes both a green roof and low-income bonus to obtain height and density bonuses. Civil engineering work is in process. Based on market comps of new construction product, expected rents for studios are between $900-$1100, one bedrooms $1,200 - $1,400 and 2 bedrooms between $1,400-$1,800. 5139 Wayne Avenue is located only a few blocks away from Germantown Ave, Queen Lane, Mt. Airy and more. The location provides easy access to public transportation, the Roosevelt Expressway and 76. Residents are able to catch bus route 53 at the corners of Hansberry and Wayne Ave. or pick between 2 train stations (Wayne Junction or Queen Lane) to get to Center City or the Main Line in 10 minutes. Centrally located and within a short stroll to several shopping spots and restaurant hubs, green parks, bike trails, the river and so much more. 1 mile from the entrance to the Wissahickon Park.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-21T19:50:30.697.
    www.locomusings.com/homes/108733303
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    5139 Wayne Avenue PHILADELPHIA, PA 19144

    • Price: $1,200,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: PAPH923726
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    2,949
    SQFT
    $407
    $/SQFT
    1900
    Built
    Neighborhood:
    19144 (19144)
    County:
    Philadelphia
    Area:
    19144 (19144)
    School District:
    The School District Of Philadelphia
    Property Description
    Don't miss out on this great opportunity to purchase over 12,000 square feet of developable land in up and coming Germantown and build 48 units by right! Currently, there is a single-family home on the property which can either be torn down to develop the entire parcel or renovated into a single family or multifamily building to provide cash flow before developing the parcel. The current owner has completed a property survey and geotechnical soil tests. No environmental testing is required. A zoning plan for a building with 47 one bedroom and 1 two-bedroom units has been submitted to the city. The development plan utilizes both a green roof and low-income bonus to obtain height and density bonuses. Civil engineering work is in process. Based on market comps of new construction product, expected rents for studios are between $900-$1100, one bedrooms $1,200 - $1,400 and 2 bedrooms between $1,400-$1,800. 5139 Wayne Avenue is located only a few blocks away from Germantown Ave, Queen Lane, Mt. Airy and more. The location provides easy access to public transportation, the Roosevelt Expressway and 76. Residents are able to catch bus route 53 at the corners of Hansberry and Wayne Ave. or pick between 2 train stations (Wayne Junction or Queen Lane) to get to Center City or the Main Line in 10 minutes. Centrally located and within a short stroll to several shopping spots and restaurant hubs, green parks, bike trails, the river and so much more. 1 mile from the entrance to the Wissahickon Park.
    Exterior Features

    Architectural Style Other Construction Materials MasonryOther Garage YN No Other Structures Above GradeBelow Grade Parking Types None Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2949 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplaces Total 0 Heating None Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0

    Property Features

    Accessibility Features None Assessment Year 2020 Association YN No Central Air YN No Cooling Fuel None Heating Fuel None Hot Water None Incorporated City Name Philadelphia Navigable Water YN N New Construction YN No Number Of Units Total 1 Original MLSNumber 304242479581 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 2478.00 Tax Assessment Amount 177000.00 Tax Lot 266 Vacation Rental YN No Water Source Public Zoning Rm1

    Listing courtesy of Keller Williams Philly.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-09-21T19:50:30.697.
     
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