356 East Walnut Lane

Philadelphia, PA 19144

$220,000
Last Sold Price
3
Beds
3
Baths
1,569 Sq. Ft.
$140 / Sq. Ft.
1,569
Sq. Ft.
$140
per Sq. Ft.

Description

Calling all turnkey and or value add investors! Legal triplex consisting of three large 1 bedroom and 1 bathroom units is now available! Property features separate utility, quality tenants and plenty of room to add value via cosmetic updates and rents. In addition, it is perfectly situated near large capital investment and an abundance of public transportation including but not limited to Broad Street, Roosevelt Boulevard, 76 and 95 which will make the commute a breeze. So what are you waiting for?...Calling all turnkey and or value add investors! Legal triplex consisting of three large 1 bedroom and 1 bathroom units is now available! Property features separate utility, quality tenants and plenty of room to add value via cosmetic updates and rents. In addition, it is perfectly situated near large capital investment and an abundance of public transportation including but not limited to Broad Street, Roosevelt Boulevard, 76 and 95 which will make the commute a breeze. So what are you waiting for? This property could generate as much as $2850 a month, $600+ in cash flow, 10% cap rate and 10% cash on cash return but hurry and schedule your appointment today before it's too late!
  1. Listed by Stephen M Kennedy • KW Empower
    P: 2676143033 stephenkennedy@kw.com

Property Details for 356 East Walnut Lane

Tax ID Number
592062200
Ownership
Fee Simple
Structure Type
Other
Style
Traditional
Waterfront
No
Garage
No
Subdivision
GERMANTOWN
Subdivision
GERMANTOWN (PHILADELPHIA PA)

Location

Listing Courtesy of KW Empower

Sold By Compass New Jersey, LLC - Moorestown; BHHS Fox & Roach-Art Museum

Add your commute
LISTING UPDATED: 04/16/2024 07:10 PM

Property Details for 356 East Walnut Lane

StatusClosed
MLS #PAPH2306680
Days on Market29
Taxes$2,672 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1910
Lot Size0.04 AC / 1,598 SF
CountyPhiladelphia County

Location

Listing Courtesy of KW Empower

Sold By Compass New Jersey, LLC - Moorestown; BHHS Fox & Roach-Art Museum

Add your commute

Building Information for 356 East Walnut Lane

Stories-Residences3Year Built1910Building Size-Lot Size0.04 AC / 1,598 SF

Payment Calculator

$1,423 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,201

Property Taxes

$223

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 356 East Walnut Lane

Location
Location
  • Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile
  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District County ID: 300200397108
  • SchoolDistrictSource: Listing Agent
  • County: PHILADELPHIA
  • MLS Area: 19144 (19144)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2023
  • Tax Assessed Value: $190,900
  • Year Assessed: 2023
  • Improvement Assessed Value: $152,720
  • City Town Tax: $1,205
  • Land Assessed Value: $38,180
  • Clean Green Assessed: No
  • Land Use Code: U50
  • Zoning: RM1
  • Zoning Dscrp: Multi family.
  • Tax Lot: 120
  • School Tax: $1,466
  • Automatically Update Tax Values Y/N: No
Lease Information
Lease Information
  • Concessions: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 3
  • Two Bedroom Units Count: 0
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Leased Count: 2
  • Number Of Units Vacant: 1
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Beds Total: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 3
  • Unit Type Occupied YN: No
  • Beds Total: 1
  • Full Baths Count: 1
Unit 3
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Beds Total: 1
  • Full Baths Count: 1
  • Unit Type Features: Month to month.
Financial Information
Financial Information
  • Income Includes: Apartment Rentals
  • Existing Lease Type: Long Term
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 1,569.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Parcel ID: 1319364
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Accessibility Features: None
  • Door Features: Six Panel
  • Window Features: Replacement
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating Fuel: Electric, Natural Gas
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Electric Service: 100 Amp Service
Confidential Data
Listing Office
  • List Agent AOR: Greater Philadelphia Association of REALTORS

Property History for 356 East Walnut Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 356 East Walnut Lane

Taxable ValueLand$38,180Additions$152,720Total$190,900
Tax Record2023$2,672 ($223 / month)
Home Facts
Total Finished SqFt1,569 SqFtAbove Grade Finished SqFt1,569 SqFtStories3Lot Size1,598 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningRM1CountyPHILADELPHIAAPN59-2-0622-00

Schools near 356 East Walnut Lane

This home is within Philadelphia City School District.
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.

Neighborhood Map and Transit

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Empower

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.