143 Walnut LnPhiladelphia, PA 19144
- Residential income properties
- 22,700 SF
Property Details for 143 Walnut Ln
- Year built
- 1930
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.90 AC
- Property size (Sq ft)
- 22,700 SF
- Zone code
- RSA1
- Property type
- Residential income properties
- Property subtype
- Other apartment buildings
- APN
- 88-1-2114-55
- APU
- 881211455
Description
Exceptional investment opportunity in Philadelphia's desirable West Germantown neighborhood. This meticulously maintained property comprises a beautifully restored Victorian mansion featuring five spacious apartments and a 15-unit commercial building, including one residential apartment. Built in 1930 and extensively renovated in 2020, the property boasts a total of 20 units across three stories. The 38,995 square foot lot includes ample off-street parking and a tranquil common garden area. Located in the Tulpehocken Historic District, this mixed-use property offers convenient access to public transportation, being just two blocks from the train station and four blocks from Wissahickon Park. The property is zoned RSD1, presenting a compelling opportunity for investors seeking a well-maintained, turn-key property with significant historical charm and strong rental potential. This unique blend of residential and commercial space provides a diverse income stream and a rare opportunity in a highly sought-after location. The asking price is $2,400,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,653,705
- 6.5%
- $4,295,728
- 7%
- $3,988,890
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,597,272
- Geo Method
- $4,597,272
-
Alternative Use
- Use
- Valuation
- Residential
- $4,295,728
- Hospitality
- $3,934,864
- Educational
- $3,273,760
- Medical
- $3,386,350
- Retail
- $5,092,516
Location Insight
- City
- Philadelphia
- County
- Philadelphia
- State
- Pennsylvania
- Latitude
- 40.0383
- Longitude
- -75.1818
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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