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Located at 412 E Walnut Lane, Philadelphia, Pennsylvania 19144, Upper Northwest Philadelphia neighborhood, this Multi Family is for Sale with a price of $410,000 USD. The property was built in 1910,. This listing has 2,304 Sq.Ft. of interior space on a lot of .17 Acres. See all Homes for Sale in Upper Northwest Philadelphia.
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48. 412 E Walnut Lane
1. 412 E Walnut Lane
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PhiladelphiaUpper Northwest Philadelphia412 E Walnut Lane

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Description

412 E Walnut Lane,

Philadelphia, PA 19144

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!

This is an Active listing.

Broker Office Phone Number: 610-240-9885

Copyright © 2024Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listing By: Del Val Realty & Property Management via Data Source: Bright MLS 
$410,000
price
$178
Price Per Sqft
$3,881
Annual taxes
Multi Family
Property type
1910
Year Built
Philadelphia City
School District
Philadelphia City
School District
philadelphia-city-sd-philadelphia-pa
Schools
12953642
Web Id
PAPH2391706
MLS ID
322
Days Posted

Price History

datepricevariancetype
11/6/2024$410,000 2.38 %decreased
9/9/2024$420,000-Listed
listing agent: Arica Miller
more info
2,304 Sq Ft.
interior
0.17 Acres
Exterior
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    412 E Walnut Lane
    Upper Northwest Philadelphia, Philadelphia, PA 19144

    $410,000