Philadelphia, PA 19144,412 E WALNUT LN
Philadelphia, PA 19144,412 E WALNUT LN
Philadelphia, PA 19144,412 E WALNUT LN
Philadelphia, PA 19144,412 E WALNUT LN
Philadelphia, PA 19144,412 E WALNUT LN
Philadelphia, PA 19144,412 E WALNUT LN
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$ 410,000
Est. payment | /mo

2,304 SqFt


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$ 410,000
Est. payment | /mo
Save

2,304 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 2,304 sqft

Price per Sqft $177

MLS Listing ID PAPH2391706

Style Other

Abv Grd Liv Area 2,304

Originating Board BRIGHT

Year Built 1910

Annual Tax Amount $3,881

Tax Year 2024

Lot Size 7,375 Sqft

Acres 0.17

Lot Dimensions 60.00 x 122.00

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, there's 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 you're 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 Germantown's 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.

Don't Miss Out!
This is a rare chance to secure a high-performing property in one of Philadelphia's most promising neighborhoods. Whether you're 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 won't last long. Schedule a showing today and see why this property stands out from the rest!

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning RSA3

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 592063000

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Arica Miller • Del Val Realty & Property Management

GET MORE INFORMATION

Jennah Good

REALTOR® | Lic# RS340968

+1(717) 725-5294

5 Old Mill Road, Ephrata, PA, 17522

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412 E WALNUT LN