$1,475,000
4,089 sq. ft.
40.03987122 -75.18384552
FOR SALE

140 W Washington Lane Philadelphia, PA 19144

$1,475,000

Est. Monthly $5,616 with $4,755 in taxes recalculate
4,089 sf
 

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7104 Castor Avenue
Philadelphia, PA 19149
215.­722.7170
215.­722.7170
CENTURY 21 Advantage Gold
7104 Castor Avenue Philadelphia, PA 19149
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140 W Washington Lane
Philadelphia, PA 19144

Explore This Property

Multi-Family Home - An Opportunity To Purchase A Turn-Key, Fully Leased, 5 Unit Luxury Apartment Building in The Beautiful Mount Airy Neighborhood Of Nw Philadelphia. Site Consists Of 2 Lots, With An Opportunity To Subdivide and Develop The 2Nd Lot. Site Includes 5 Apartments, 2 Garages, and A Paved Driveway Large Enough For 6 Parking Spots. See Property Prospectus For Revenue and Expenses Data. Units Renovated in 2018. Units Feature Virtual Intercom, Security System, Stainless Steel Appliances, Granite Countertops, Hardwood Floors, Mini Splits For Heating and Cooling, and Outdoor Recreational Areas. Cash-Flowing: Apartments Are Currently Leased Under Market Value For A Total Gross Monthly Income Of $7,100.00. 3 Out Of The 5 Units Are Long-Term Tenants That Have Lease Renewals Approaching. Renewing Leases At Market Rate Could Bring in Potential Revenue Of $7,800.00 Per Month. Going Forward, Owner Could Also Charge For Parking, Storage & Garage Usage - An Extra $675 in Monthly Revenue. Low Maintenance As The Property Was Renovated in 2018. Low Expenses Due To Building Being Fully Electric, Tenants Pay All Utilities, With An Opportunity To Include Common Area Maintenance Charges in Future Leases To Offset Water and Tax Bills. Simple Capital Improvement Plan: Apartments Can Achieve Higher Rents By Implementing A Simple Renovation Plan, Such As Basement Storage Units, Kitchen Backsplashes and Washer/Dryer in Unit. Please See Attached Property Prospectus For Details. Leases Are Available Upon Request.
MLS # PAPH2115616
Courtesy Of Coldwell Banker Old City
215.­923.7600

Property Features

  • Fireplace Description: Electric
  • Garage Count: 2 Car Garage
  • Heating Type: Forced Air
  • Lot Size: 0.29 Acres
  • Sewer: Public
  • Style: Other Style
  • Water: City Water

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $5,616Your estimated monthly payment
    $295,00020% Down Payment
    $1,475,000 $1,180,000 $4,755
    purchase price loan amount property tax (est)
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School

    ANNA L LINGELBACH SCHOOL
    Grades K-8 | Public School

    Philadelphia, PA 19144
    6340 WAYNE AVE
    215-400-3630
    0.3
    miles

    Total Students 350
    Student Teacher Ratio 14:1

    School Rating

    1 star View School Details

    Middle School

    ANNA L LINGELBACH SCHOOL
    Grades K-8 | Public School

    Philadelphia, PA 19144
    6340 WAYNE AVE
    215-400-3630
    0.3
    miles

    Total Students 350
    Student Teacher Ratio 14:1

    School Rating

    1 star View School Details

    High School

    ROXBOROUGH HIGH SCHOOL
    Grades 9-12 | Public School

    Philadelphia, PA 19128
    6498 RIDGE AVE
    215-400-3400
    2.1
    miles

    Total Students 783
    Student Teacher Ratio 10:1
    View School Details
    Other Nearby Schools Distance Type Grades School Rating
    Small World Discovery Center 0.3 mi Private PRESCHOOL-K
    Blair Christian Academy 0.3 mi Private PRESCHOOL-8
    Cooperative Nursery School 0.4 mi Private PRESCHOOL-PRESCHOOL
    The Waldorf School Of Philadelphia 0.4 mi Private PRESCHOOL-8
    Camelot Therapeutic Day School Of Philadelphia 0.6 mi Public 5-12
    Philadelphia Kaps 0.6 mi Public K-7
    Mastery Charter School - Pickett Campus 0.6 mi Public 6-12
    Lotus Academy 0.6 mi Private PRESCHOOL-4
    Project Learn School 0.6 mi Private K-8
    Greene Street Friends School 0.7 mi Private PRESCHOOL-8
    Pennsylvania School For The Deaf 0.7 mi Private PRESCHOOL-12
    Theodore Roosevelt Elementary School 0.7 mi Public K-8
    Charles W Henry School 0.8 mi Public K-8
    Germantown Friends School 0.8 mi Private PRESCHOOL-12
    Chelten Christian Little People 0.9 mi Private PRESCHOOL-K
    Clarke Pennsylvania Auditory/oral Center 0.9 mi Private PRESCHOOL-PRESCHOOL
    Jesus Is The Way Christian Academy 0.9 mi Private PRESCHOOL-8
    Emlen Eleanor C School 1.0 mi Public PRESCHOOL-5
    Mastery Charter - John Wister Elementary 1.0 mi Public K-5

    Local Area Information for Philadelphia, PA 19144

    Median Age: 37.4
    Married: 18.6%
    Number of Households: 19,581
    Households with Children: 4,141
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Data powered by Attom Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed.
      This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      The Multi-Family Home located at 140 W Washington Lane, Philadelphia, PA 19144 is currently for sale. 140 W Washington Lane, Philadelphia is listed for $1,475,000. This property has approximately 4,089 square feet, and Lot Size of approximately 0.29. The property was built in 1900. If the property located at 140 W Washington Lane, Philadelphia, PA isn't what you're looking for, search Pennsylvania real estate to see other houses for sale in Philadelphia.
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