412 East Walnut Lane
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...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!
- Listed by Arica Miller • Del Val Realty & Property ManagementP: (347)-586-3154 homesbyarica@gmail.com
Property Details for 412 East Walnut Lane
Property Details for 412 East Walnut Lane
| Status | Active |
|---|---|
| MLS # | PAPH2391706 |
| Days on Market | 75 |
| Taxes | $3,881 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1910 |
| Lot Size | 0.17 AC / 7,375 SF |
| County | Philadelphia County |
Building Information for 412 East Walnut Lane
Property Information for 412 East Walnut Lane
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19144 (19144)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $277,300
- Year Assessed: 2024
- County Tax: $0
- Improvement Assessed Value: $221,840
- City Town Tax: $1,707
- Land Assessed Value: $55,460
- Clean Green Assessed: No
- Land Use Code: G30
- Zoning: RSA3
- Tax Lot: 519
- School Tax: $2,173
- Automatically Update Tax Values Y/N: Yes
- Single Room Units Count: 0
- One Bedroom Units Count: 4
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 0
- Units Leased Count: 4
- Rent Control: No
- Annual Rental Income: $45,588
- Building Units Total: 4
- Total Finished SQFT: 2,304.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,304.00
- Total SQFT: 2,304.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Foundation Details: Brick/Mortar
- Lot Size Source: Assessor
- Lot Size Dimensions: 60.00 x 122.00
- Lot Dimensions Source: Assessor
- Parcel ID: 1319372
- Ground Rent Exists: No
- Type Of Parking: Off Street
- Fireplace: No
- Accessibility Features: None
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: None
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Hot Water: Electric
- Water Source: Public
- Sewer Septic: Public Sewer
- List Agent AOR: Suburban West REALTORS Association
Property History for 412 East Walnut Lane
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 412 East Walnut Lane
Schools near 412 East Walnut Lane
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Roosevelt Theodore Middle School PublicK to 8 | ||
King Martin Luther High School Public9 to 12 | ||
Parkway Northwest Public9 to 12 | ||
Building 21 Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Del Val Realty & Property Management
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.