Description
- High cash flow property
- Four Spacious...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.
- Listed by Christopher J Lombardi • Glen Mary Real Estate LLCP: (908)-334-3493 chris@lombardiresidential.com
Property Details for 200 West Wayne Avenue
Property Details for 200 West Wayne Avenue
| Status | Closed |
|---|---|
| MLS # | PADE2072410 |
| Days on Market | 102 |
| Taxes | $20,884 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 2017 |
| Lot Size | 0.00 AC / 0 SF |
| County | Delaware County |
Location
Sold By Compass Pennsylvania, LLC
Building Information for 200 West Wayne Avenue
Payment Calculator
$18,306 per month
30 year fixed, 6.15% Interest
$16,566
$1,740
$0
Property Information for 200 West Wayne Avenue
- School District Name: RADNOR TOWNSHIP
- School District County ID: 300200397358
- SchoolDistrictSource: Listing Agent
- Elementary School: RADNOR (DELAWARE PA)
- ElementarySchoolSource: Listing Agent
- Middle Or Junior School: RADNOR (DELAWARE PA)
- MiddleSchoolSource: Listing Agent
- High School: RADNOR (DELAWARE PA)
- HighSchoolSource: Listing Agent
- County: DELAWARE
- MLS Area: Radnor Twp (10436)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $1,032,940
- Year Assessed: 2024
- County Tax: $3,097
- Improvement Assessed Value: $869,440
- City Town Tax: $2,516
- Land Assessed Value: $163,500
- Clean Green Assessed: No
- Land Use Code: 0
- Zoning: MULTIFAMILY
- Tax Lot: 463-000
- School Tax: $15,114
- Automatically Update Tax Values Y/N: Yes
- TaxDataUpdatedYN: No
- Single Room Units Count: 0
- One Bedroom Units Count: 0
- Two Bedroom Units Count: 5
- Three Bedroom Units Count: 0
- Units Leased Count: 5
- Number Of Units Vacant: 0
- Number Of Units Month To Month: 0
- Rent Control: No
- Existing Lease Type: Net
- Building Level Count: 4
- Building Units Total: 4
- Total Finished SQFT: .00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: .00
- Total SQFT: .00
- Total SQFT Source: Assessor
- Construction Materials: Frame, HardiPlank Type, Masonry
- Foundation Details: Slab
- Lot Size Source: Assessor
- Lot Size Dimensions: 130.00 x 157.00
- Lot Dimensions Source: Assessor
- Parcel ID: 537623
- Type Of Parking: Parking Lot, Attached Garage
- Num of Attached Garage Spaces: 2
- Total Garage Spaces: 2
- Garage Features: Additional Storage Area, Basement Garage
- Fireplace: No
- Accessibility Features: 2+ Access Exits
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Greater Philadelphia Association of REALTORS
- List Agent URL: www.glenmary.com
Property History for 200 West Wayne Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 11, 2025 | Closed (Public Record) Public Record #1553897482 | $3,399,000 | +16.5% / yr |
| Mar 11, 2025 | Closed BRIGHT #PADE2072410 | $3,399,000 | — |
| Nov 11, 2024 | Pending BRIGHT #PADE2072410 | — | |
| Oct 21, 2024 | Price Change BRIGHT #PADE2072410 | $3,449,000 | — |
| Aug 19, 2024 | Price Change BRIGHT #PADE2072410 | $3,499,000 | — |
| Aug 2, 2024 | Listed (Active) BRIGHT #PADE2072410 | — | |
| Aug 2, 2024 | Temp Off Market BRIGHT #PADE2072410 | — | |
| Aug 2, 2024 | Listed (Active) BRIGHT #PADE2072410 | $3,870,000 | — |
| Jun 18, 2021 | Expired BRIGHT #PADE536904 | — | |
| Mar 31, 2021 | Expired BRIGHT #PADE528220 | — | |
| Mar 15, 2021 | Withdrawn BRIGHT #PADE536904 | — | |
| Jan 19, 2021 | Price Change BRIGHT #PADE536904 | $849,000 | — |
| Dec 18, 2020 | Listed (Active) BRIGHT #PADE536904 | $899,000 | — |
| Nov 12, 2020 | Withdrawn BRIGHT #PADE528220 | — | |
| Oct 15, 2020 | Listed (Active) BRIGHT #PADE528220 | $899,000 | — |
| Apr 23, 2015 | Closed (Public Record) Public Record #551910022 | $750,000 | +8.1% / yr |
| Apr 23, 2015 | Closed BRIGHT #1002553016 | $750,000 | — |
| Mar 29, 2015 | Pending BRIGHT #1002553016 | — | |
| Mar 14, 2015 | Listed (Active) BRIGHT #1002553016 | $835,000 | — |
| Feb 1, 2010 | Closed (Public Record) Public Record #287475680 | $500,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/11/2025 | Closed (Public Record) Public Record #1553897482 | $3,399,000 +16.5% / yr |
| 03/11/2025 | Closed BRIGHT #PADE2072410 | $3,399,000 |
| 11/11/2024 | Pending BRIGHT #PADE2072410 | — |
| 10/21/2024 | Price Change BRIGHT #PADE2072410 | $3,449,000 |
| 08/19/2024 | Price Change BRIGHT #PADE2072410 | $3,499,000 |
| 08/02/2024 | Listed (Active) BRIGHT #PADE2072410 | — |
| 08/02/2024 | Temp Off Market BRIGHT #PADE2072410 | — |
| 08/02/2024 | Listed (Active) BRIGHT #PADE2072410 | $3,870,000 |
| 06/18/2021 | Expired BRIGHT #PADE536904 | — |
| 03/31/2021 | Expired BRIGHT #PADE528220 | — |
| 03/15/2021 | Withdrawn BRIGHT #PADE536904 | — |
| 01/19/2021 | Price Change BRIGHT #PADE536904 | $849,000 |
| 12/18/2020 | Listed (Active) BRIGHT #PADE536904 | $899,000 |
| 11/12/2020 | Withdrawn BRIGHT #PADE528220 | — |
| 10/15/2020 | Listed (Active) BRIGHT #PADE528220 | $899,000 |
| 04/23/2015 | Closed (Public Record) Public Record #551910022 | $750,000 +8.1% / yr |
| 04/23/2015 | Closed BRIGHT #1002553016 | $750,000 |
| 03/29/2015 | Pending BRIGHT #1002553016 | — |
| 03/14/2015 | Listed (Active) BRIGHT #1002553016 | $835,000 |
| 02/01/2010 | Closed (Public Record) Public Record #287475680 | $500,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 200 West Wayne Avenue
Schools near 200 West Wayne Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | K to 8 |
Rating | School | Distance |
|---|---|---|
Wayne El School PublicK to 5 | ||
Radnor Middle School Public6 to 8 | ||
Radnor Senior High School Public9 to 12 | ||
St. Katharine of Siena School PrivateK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Glen Mary Real Estate LLC
Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.