5300 WAYNE AVE, Philadelphia, Pennsylvania
5300 WAYNE AVE, Philadelphia, Pennsylvania 19144 - NEW REDUCED PRICE!!! Excellent income producing mixed-use corner property including 5 units and a successful fully equipped laundromat business included in the sale. 2 commercial units currently fitted with a hair saloon/barbershop and a laundromat make up the ground floor with 3 residential apartments above (2x 1-bedrooms & 1x 2-bedrooms). Currently the 1-bedroom units are vacant and require some TLC. The laundromat features 18 commercial Maytag washers and 21 dryers. The property is currently underutilized, a savvy landlord can easily obtain a 18% cap with current expenses. Take advantage of an old church across the street being converted into a brand new community center adding traffic to the location. This property is a must to add to your property portfolio if you are looking for both passive and residual income.
Listing Courtesy of RE/MAX Elite
“With a proven track record, the right skill set, and years of experience, the Dwell Real Estate Team has the right tools to successfully sell your home and/or help you find the right one! If you’re serious about your real estate goals, we’re serious about getting the job done! Dwell Real Estate was founded upon and exists for one reason and one reason only. To provide wildly extraordinary real estate experiences. ”