2,304 SqFt
2,304 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 2,304 sqft
Price per Sqft $177
MLS Listing ID PAPH2391706
Style Other
Abv Grd Liv Area 2,304
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $3,881
Tax Year 2024
Lot Size 7,375 Sqft
Acres 0.17
Lot Dimensions 60.00 x 122.00
Property 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!
Location
State PA
County Philadelphia
Area 19144 (19144)
Zoning RSA3
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 592063000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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