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412 E Walnut Lane

PHILADELPHIA, PA 19144
  • $410,000
  • STATUS: Active
  • ON SITE: 94 Days
  • ID#: PAPH2391706
UPDATED: 84 min ago
$410,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,304
    SQFT
  • $178
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Description

PRICE CORRECTION IT WILL GO MUCH FASTER - PUT IN YOUT OFFER TODAY Exceptional Germantown Multifamily Investment " A Must-See Opportunity!Discover the potential of this well-maintained 4-unit multifamily property in the heart of Germantown, a thriving neighborhood that continues to experience strong demand and impressive growth. This fully occupied building is currently generating approximately $3,800 in gross monthly rent, offering immediate cash flow from day one. However, with rental rates in the area climbing by 25% over the past three years, theres significant potential to increase rents and boost your return on investment even further.4 Spacious Units: Each unit is well-kept, providing comfortable living spaces that appeal to tenants seeking quality homes in the area. Fully Occupied: All four units are currently rented to responsible, tidy tenants, providing consistent rental income without the hassle of finding new occupants. Strong Rental Market: Germantown is experiencing a surge in rental demand, with rental rates steadily increasing over the past few years. This property is perfectly positioned to benefit from this trend, with room to raise rents in the future to align with the market. -Versatility: Whether youre an investor seeking a solid, low-maintenance income property or a potential homeowner looking for an opportunity to live in one unit while renting out the other three to cover your mortgage, this property offers unmatched flexibility. Situated in a prime Germantown location, this property enjoys close proximity to schools, parks, shopping centers, and public transportation, making it highly attractive to renters. The neighborhood has seen continuous revitalization, with new developments and amenities enhancing its appeal. Germantown's rich history and vibrant community make it a sought-after location for tenants and investors alike.With stable cash flow already in place, the real opportunity lies in the future upside. As rental demand continues to rise, you could capitalize on the opportunity to increase rents in line with the local market, significantly improving your returns. Plus, properties like this, offering both immediate income and long-term appreciation potential, are increasingly hard to come by in Germantowns competitive real estate market.Perfect for Investors or Owner-Occupants:Looking for a hassle-free investment property that practically manages itself? With all tenants already in place and well-maintained units, this is an ideal option for first-time or experienced investors alike. Alternatively, live in one unit while the rental income from the other three helps cover your mortgage payments, allowing you to build equity with ease.Dont Miss Out!This is a rare chance to secure a high-performing property in one of Philadelphias most promising neighborhoods. Whether youre looking to expand your portfolio or make a strategic move into multifamily ownership, this property is a smart investment. With the rental market on the rise and demand for quality housing in Germantown growing, this opportunity wont last long. Schedule a showing today and see why this property stands out from the rest!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. 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. Data last updated: 2024-12-12T23:51:15.22.
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412 E Walnut Lane PHILADELPHIA, PA 19144

  • Price: $410,000
  • Status: Active
  • On Site: 94 Days
  • Updated: 84 min ago
  • ID#: PAPH2391706
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2,304
SQFT
$178
$/SQFT
1910
Built
Neighborhood:
19144 (19144)
County:
Philadelphia
Area:
19144 (19144)
School District:
The School District Of Philadelphia
Property Description
PRICE CORRECTION IT WILL GO MUCH FASTER - PUT IN YOUT OFFER TODAY Exceptional Germantown Multifamily Investment " A Must-See Opportunity!Discover the potential of this well-maintained 4-unit multifamily property in the heart of Germantown, a thriving neighborhood that continues to experience strong demand and impressive growth. This fully occupied building is currently generating approximately $3,800 in gross monthly rent, offering immediate cash flow from day one. However, with rental rates in the area climbing by 25% over the past three years, theres significant potential to increase rents and boost your return on investment even further.4 Spacious Units: Each unit is well-kept, providing comfortable living spaces that appeal to tenants seeking quality homes in the area. Fully Occupied: All four units are currently rented to responsible, tidy tenants, providing consistent rental income without the hassle of finding new occupants. Strong Rental Market: Germantown is experiencing a surge in rental demand, with rental rates steadily increasing over the past few years. This property is perfectly positioned to benefit from this trend, with room to raise rents in the future to align with the market. -Versatility: Whether youre an investor seeking a solid, low-maintenance income property or a potential homeowner looking for an opportunity to live in one unit while renting out the other three to cover your mortgage, this property offers unmatched flexibility. Situated in a prime Germantown location, this property enjoys close proximity to schools, parks, shopping centers, and public transportation, making it highly attractive to renters. The neighborhood has seen continuous revitalization, with new developments and amenities enhancing its appeal. Germantown's rich history and vibrant community make it a sought-after location for tenants and investors alike.With stable cash flow already in place, the real opportunity lies in the future upside. As rental demand continues to rise, you could capitalize on the opportunity to increase rents in line with the local market, significantly improving your returns. Plus, properties like this, offering both immediate income and long-term appreciation potential, are increasingly hard to come by in Germantowns competitive real estate market.Perfect for Investors or Owner-Occupants:Looking for a hassle-free investment property that practically manages itself? With all tenants already in place and well-maintained units, this is an ideal option for first-time or experienced investors alike. Alternatively, live in one unit while the rental income from the other three helps cover your mortgage payments, allowing you to build equity with ease.Dont Miss Out!This is a rare chance to secure a high-performing property in one of Philadelphias most promising neighborhoods. Whether youre looking to expand your portfolio or make a strategic move into multifamily ownership, this property is a smart investment. With the rental market on the rise and demand for quality housing in Germantown growing, this opportunity wont last long. Schedule a showing today and see why this property stands out from the rest!
Exterior Features

Architectural Style Other Construction Materials Masonry Garage YN No Parking Types Off Street Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2304 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Heating Baseboard - Electric Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0

Property Features

Accessibility Features None Central Air YN No Cooling Fuel None Foundation Details Brick/Mortar Heating Fuel Electric Hot Water Electric Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Original MLSNumber 803326464800 Ownership Interest Fee Simple Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 3881.00 Tax Lot 519 Total Actual Rent 45588.00 Vacation Rental YN No Water Source Public Zoning RSA3

Listing courtesy of Del Val Realty & Property Management: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lisa Mathena Group. 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. Data last updated: 2024-12-12T23:51:15.22.
 
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