$575,000
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417 W Queen Lane Philadelphia, PA 19144 Municipality: Philadelphia
Single Family
Residence
Beds
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Prime investment opportunity at 417 W Queen Lane! This recently renovated property features seven individual units and sits on a massive 25âx230â lot lot, generating approximately $68,000 annually with $12,000 in operating expenses, yielding a stabilized 8.75% cap rate with an opportunity to expand ...the current building. The property boasts long-term tenants, electric heating and cooling in each unit, and a shared coin laundry in the basement. With landlord-covered electric and water, there's significant potential for value-add and rent increases. Ideal for investors looking to capitalize on a well-maintained, income-generating asset. Located centrally to all Philadelphia has to offer with several train and bus stops within a quick walk and also a short distance to the renowned Wissahickon Park System. Can be sold with 415, 419 & 419r W Queen lane as a Shovel Ready 9 Unit SFH Development Project with permits, drawings, renderings and financials are available upon request!
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MLS#
PAPH2357994
Property Type
Single Family
Year Built
1900
Price per Sq. Ft.
$125.96
Lot Size
0.13
Sewer
Public Sewer
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