412 E Walnut Ln, Philadelphia, PA 19144 | For Sale

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For Sale $410,000 ($177.95 per Sq Ft)

$410,000 ($177.95 per Sq Ft)
  • (0)
  • Unknown Bedrooms
  • Unknown Bathrooms
  • 2,304 Sq Ft
  • 7,375 Sq Ft

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!

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $410,000
Property Type Fourplex (4-units)
Usable Sqft 2,304
Number of Stories 0 stories
Parking Spots 0 spots
Year Built 1910
Last Sold Unknown
Sold Price Unknown
APN # 592063000
MLS # PAPH2391706
Property ID 320833740
Lot Sqft 7,375
Zoning RSA3
Total Units 4
Days on Market 80
Original List Price Unknown
Date Updated November 22, 2024
Date Created September 08, 2024
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 $45,588 $0

Listing Provided By

Arica Miller an agent of . Lic #RS351297


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Data last updated: November 27, 2024.
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