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.
This property is $2.6M more than the Median Sold Price in Wayne, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PADE2072410
Listing Office:
Office Name: Glen Mary Real Estate LLC
Office Phone: (732) 630-3000
Listing Agent: Christopher J Lombardi
Information Deemed Reliable But Not Guaranteed. 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 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. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Wayne Elementary School
651 W Wayne Ave
Distance between this listing and this school0.93 miles
Public District Grades KG-5
Middle School
7
/10
Radnor Middle School
150 Louella Ave
Distance between this listing and this school0.33 miles
Public District Grades 6-8
High School
8
/10
Radnor High School
130 King Of Prussia Rd
Distance between this listing and this school1.89 miles
Public District Grades 9-12
Assigned Schools
7
/10
Wayne Elementary School
651 W Wayne Ave
Distance between this listing and this school0.93 miles
Public District Grades KG-5
Nearby Schools
7
/10
Radnor Elementary School
20 Matsonford Rd
Distance between this listing and this school1.66 miles
Public District Grades KG-5
8
/10
Devon Elementary School
400 S Fairfield Rd
Distance between this listing and this school1.74 miles
Public District Grades KG-4
Assigned Schools
7
/10
Radnor Middle School
150 Louella Ave
Distance between this listing and this school0.33 miles
Public District Grades 6-8
Nearby Schools
8
/10
Tredyffrin / Easttown Middle School
801 Conestoga Rd
Distance between this listing and this school2.98 miles
Public District Grades 5-8
8
/10
Valley Forge Middle School
105 W Walker Rd
Distance between this listing and this school3.50 miles
Public District Grades 5-8
Assigned Schools
8
/10
Radnor High School
130 King Of Prussia Rd
Distance between this listing and this school1.89 miles
Public District Grades 9-12
Nearby Schools
3
/10
Agora Cyber Charter School
995 Old Eagle School Rd
Distance between this listing and this school2.42 miles
Public Charter Grades KG-12
3
/10
Education Plus Academy Cyber Charter School
487 Devon Park Dr
Distance between this listing and this school2.52 miles
The neighbors living near this home have an average income of $82,750. The most common annual income of people living in Wayne, PA is between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 200 W Wayne Ave
What is the listing price of this property?
The listing price of 200 W Wayne Ave property is $3,449,000.
What type of property is this?
The property 200 W Wayne Ave is a house located in Wayne, Pennsylvania, 19087.
Is this property for sale now?
Active Listing: 200 W Wayne Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 200 W Wayne Ave are: Wayne Elementary School: GreatSchools Rating 7/10Radnor Middle School: GreatSchools Rating 7/10Radnor High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $31,865 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 29, 2015 for $750,000. (source: MLS/tax record).
What is the square footage of this property?
The sq. ft. of 200 W Wayne Ave is not available (source: MLS/tax record).
Which year was this property built?
The year of construction for 200 W Wayne Ave is 2017.
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This home is located at 200 W Wayne Ave in Wayne, PA and zip code 19087. This home was built in 2017. It has been listed on Rocket Homes since July 26, 2024 and is currently priced at $3,449,000.
Wayne, PA housing market in October 2024 saw over 19 listings sold above listed price, more than 9 sold at listed price and over 18 sold below. The number of listings in Wayne, PA decreased by 4% between September 2024 and October 2024. The median list price of listings available in October 2024 was $750,000, while the average time on the real estate market was 22 days.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. 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 participates, and is provided by BRIGHT through a licensing agreement. 
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