412 E Walnut Lane, Philadelphia, PA 19144-1036 $420,000
Interior Sq. Ft: 2,304
Acreage: 0.17
Age:114 years
Taxes: $3,881
Design/Type:
Detached
Description
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!
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Baseboard - Electric Heating, Electric, None, None, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
Off Street
Exterior
Brick/Mortar Foundation, Masonry
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (105 schools)
Public Middle (19 schools)
Public High (40 schools)
Private (109 schools)
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This report is a detailed community overview for Philadelphia (19144), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 34
- Average salary of people in this community: $43,662
Community Summary
- Population Density (ppl / mile): 12,730
- Household Size (ppl): 2.25
- Households w/ Children: 50%
Housing Inventory
- Owned: 7,185 (32.2%)
- Rented: 11,345 (50.8%)
- Vacant: 3,788 (17.0%)
- Total: 22,318
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 2.5%
- Some High School: 12.2%
- High School Graduate: 28.3%
- Some College: 18.1%
- Associate Degree: 6.7%
- Bachelor's Degree: 17.5%
- Graduate Degree: 14.8%
Income by dollar range
Median Income: $34,075
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $734
- One Bedroom: $847
- Two Bedroom: $1,076
- Three Bedroom: $1,080
- Four Bedroom: $1,090
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Contact our Customer Service Center
or call us at 302-234-5270
Listing Courtesy of: Del Val Realty & Property Management , (484) 328-3282, mlautensack@delvalproperty.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 10/31/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.