NOT LISTED FOR SALE

Estimated Value: $373,000 - $412,107

-- Bed
4 Baths
2,304 Sq Ft
$170/Sq Ft Est. Value

Last Sold January 24, 2025

Last sale price $390,000 $169 Per Sq Ft

Current estimated payment $2,399/month

79 Days on Market

About This Home

As of January 2025

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!

Last Agent to Sell the Property

Arica Miller

(347) 586-3154 homesbyarica@gmail.com Del Val Realty & Property Management Listed on: 09/09/2024

Last Buyer's Agent

Arica Miller

(347) 586-3154 homesbyarica@gmail.com Del Val Realty & Property Management Listed on: 09/09/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,881

Year Built

  • Built in 1910

Lot Details

  • 7,375 Sq Ft Lot
  • Lot Dimensions are 60.00 x 122.00

Parking

  • Off-Street Parking

Home Design

  • 2,304 Sq Ft Home
  • Quadruplex
  • Brick Foundation
  • Masonry

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 519
  • Assessor Parcel Number 592063000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,881

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Remarks Public: 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!
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Total Sq Ft: 2304
  • Living Area Sq Ft: 2304
  • Price Per Sq Ft: 177.95
  • Above Grade Finished Sq Ft: 2304
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 412

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Land Use Code: G30
  • Lot Size Acres: 0.17
  • Lot Dimensions: 60.00 x 122.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7375.00
  • Year Assessed: 2024
  • Zoning: RSA3

Rental Info

  • Ground Rent Exists: No
  • Rent Control: No
  • Total Actual Rent: 45588.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 2173.00
  • Tax Annual Amount: 3881.00
  • Assessor Parcel Number: 592063000
  • Tax Lot: 519
  • Tax Total Finished Sq Ft: 2304
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 01/24/2025

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2024
Closed on
Jan 14, 2025
Sold by
Farrington Laura
Bought by
Lopez Investments Llc
Seller's Agent
Arica Miller
Del Val Realty & Property Management
Buyer's Agent
Arica Miller
Del Val Realty & Property Management
List Price
$420,000
Sold Price
$390,000
Premium/Discount to List
-$30,000
-7.14%
Views
22
Current Estimated Value
$391,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,369
Avg. Annual Appreciation
-1.26%
Original Mortgage
$292,500
Outstanding Balance
$291,454
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$95,245

Purchase Details

Closed on
Sep 27, 2017
Sold by
Fat Tail Pa Real Property Ii Lp
Bought by
Farrington Laura E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2016
Sold by
Roberts Scott
Bought by
Fat Tail Pa Real Property Ii Lp

Purchase Details

Closed on
Dec 20, 2010
Sold by
Smedley Street Realty Llc
Bought by
Roberts Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
4.83%
Mortgage Type
Commercial

Purchase Details

Closed on
May 22, 2008
Sold by
Estate Of Macie M Bonds
Bought by
Smedley Street Realty Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lopez Investments Llc $390,000 None Listed On Document
Farrington Laura E $220,000 Equity One Abstract Llc
Fat Tail Pa Real Property Ii Lp $170,000 Sieanna Abstract Llc
Roberts Scott $220,000 None Available
Smedley Street Realty Llc $92,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Investments Llc $292,500
Previous Owner Farrington Laura E $165,000
Previous Owner Roberts Scott $154,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2025 01/24/25 Sold $390,000 -4.9% $169 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
11/05/2024 11/05/24 Price Changed $410,000 -2.4% $178 / Sq Ft
09/09/2024 09/09/24 For Sale $420,000 +147.1% $182 / Sq Ft
02/28/2016 02/28/16 Sold $170,000 -5.0% $74 / Sq Ft
05/19/2015 05/19/15 Pending -- -- --
05/18/2015 05/18/15 For Sale $179,000 -- $78 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,882 $427,200 $85,440 $341,760
2024 $3,882 $427,200 $85,440 $341,760
2023 $3,882 $277,300 $55,460 $221,840
2022 $1,701 $277,300 $55,460 $221,840
2021 $1,701 $0 $0 $0
2020 $1,701 $0 $0 $0
2019 $1,678 $0 $0 $0
2018 $3,045 $0 $0 $0
2017 $3,045 $0 $0 $0
2016 $3,045 $0 $0 $0
2015 $2,240 $0 $0 $0
2014 -- $167,200 $47,754 $119,446
2012 -- $22,624 $5,827 $16,797
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PAPH2391706

Bright MLS

APN: 592063000