5111 Wayne Ave, Philadelphia, PA 19144

This building is a turnkey cashcow. All apartments have recently been fully renovated, so the only thing you have left to do is to sit back and collect the rent. Brand new electric baseboard heat was installed in apartments 1, 2R and 2F (apartment 3 is gas heat.) Brand new windows, a new dishwasher, a new dryer and insulation has just been added to apt 1. In addition to the 4 apartments, there are two garages which have a long term tenant. Brand new construction apartment complexes are also coming soon on the same block! This will boost values and rents for the entire area. Rents are currently well below market value. Actual rent is $43,800/year but can certainly be increased.