412 E WALNUT LANE, Philadelphia, PA 19144

  • $410,000
412 E WALNUT LANE, Philadelphia, PA 19144
Active
412 E WALNUT LANE, Philadelphia, PA 19144
412 E WALNUT LANE, Philadelphia, PA 19144
  • $410,000

Overview

Property ID: PAPH2391706
  • Detached, Residential Income
  • Property Type
  • 0.17
  • Lot Acres
  • 1910
  • Year Built

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!

  • Address 412 E WALNUT LANE
  • City Philadelphia
  • State/county PA
  • Zip/Postal Code 19144
  • Country US

Details

Updated on November 22, 2024 at 7:58 pm
  • Property ID: PAPH2391706
  • Price: $410,000
  • Land Area: 0.17 Acres
  • Garage Size: x x
  • Year Built: 1910
  • Property Type: Detached, Residential Income
  • Property Status: Active

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**Property Disclaimer** The information we provide about this property is believed to be accurate to the best of our knowledge; however, it may change without notice. We are not liable for any mistakes, errors, or omissions in the information presented. We strongly recommend that you conduct your own research and verify all details independently to ensure accuracy. Your diligence in seeking correct information is essential before making any decisions. " Homes Trade Hub "

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