Listing Courtesy of Keller Williams Real Estate -Exton
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  • 1955
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Active Status Duplex
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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.

Address: 291 S DEVON AVE
State: PA
City: Wayne
County: DELAWARE
Zip Code: 19087
MLS#: PADE503958
MLS Area:
Taxes: $5,504

Price History

Date Price Event Change MLS#:
11/21/2019 $425,000 List Price PADE503958
7/23/2019 $425,000 List Price -5.56% 1004251488
7/3/2019 $450,000 List Price -5.26% 1004251488
6/21/2019 $475,000 List Price 1004251488

Assigned School Zones

  • Elementary School:Wayne
  • Middle School:Radnor
  • High School:Radnor

Nearby Schools

Our Lady Of The Assumption School(Preschool-K)
Central Nursery School(Preschool-Preschool)
Wayne El School(K-5)3
Goddard School(Preschool-K)
Lane Montessori School(Preschool-K)
Wayne Presbyterian Nursery School(Preschool-Preschool)
St David's Nursery School(Preschool-K)
St. Katharine Of Siena School(K-8)
Heritage School(Preschool-K)
Radnor Middle School(6-8)5
St. Katharine Of Siena School(K-8)

Interior Details

  • Appliances:
  • Features:
  • Furnished:
  • Floor Type:
  • Cooling:None
  • Heating:Hot Water
  • Fuel:Natural Gas
  • Extras:None
  • Other Rooms:

Exterior Details

  • Home Construction
  • Features:
  • Exposure:
  • Roof Type:Shingle
  • Garage Spaces:
  • Pool:No
  • Utilities:Above Ground,Cable TV Available
  • Lot Description:
  • Lot Size:66.00 x 160.00
  • Sewer:Public Sewer

Community Details

Rental Information

  • Rental Income:$0
  • Rental Number:0
  • Directions:On the corner of the intersection of Morris Circle and South Devon Ave

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Property Information Last Updated: 12/19/2018 4:17:56 PM
Listing Courtesy of Keller Williams Real Estate -Exton


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