291 S Devon Ave

Estimated Monthly Payment: $2,397/mo 291 S Devon Ave, Wayne, PA 19087 MLS# PADE503958 Multi-Family Listing Status: PENDING
1,526 sqft
24
1
0
0

REMARKS:

Great investment opportunity in the heart of Wayne! This charming cape is only steps to multiple parks, close to Septa's Strafford station, the Radnor Trail, shops and restaurants. The current owner has meticulously maintained this turn-key duplex with a solid rental history. The main floor unit has two bedrooms and one bath. It features a wood-burning fireplace and front porch that rents for $1500/month. The upstairs unit rents for $1000/month. This unit has one bedroom and one bath. This unit has a family room, eat-in kitchen and a spacious balcony. Both units are on an annual lease up to March 2020. Each unit has its own washer and dryer. Tenants pay their own electric. The owner pays water, sewer and trash. With annual expenses of $2700, this investment property has a solid 6.4% cap rate. Both units are currently under market value for rents in this area. Not interested in being a landlord? This spacious house can be easily converted back to a single-family home that could support 4 bedrooms and 2 plus bathrooms. Run the comps for single-family homes and you will see that this is a solid investment. Either way, this property is sure to produce an attractive ROI.

OVERVIEW:

Multi-Family
Detached
PENDING
BRIGHT
Converted Dwelling
1955
0.18
1526
7623
Shingle
Above Grade, Below Grade
Hot Water
Natural Gas
None
Public
Public Sewer
Above Ground, Cable TV Available

FEATURES:

No Pool
1

ROOM INFO:

Full

SCHOOLS:

Wayne
Radnor
Radnor
RADNOR TOWNSHIP

FINANCIAL:

425000
5504
5504

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Keller Williams Real Estate -Exton

 

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