417 West Queen Lane

Philadelphia PA 19144

4565 sq. ft.

5773 sq. ft.

Other

Currently for sale - view listing

Overview

Prime investment opportunity at 417 W Queen Lane! This recently renovated property features seven individual units and sits on a massive 25?x230? 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!

Features

4565 sq. ft. floor area

5773 sq. ft. lot size

Other

Property history for 417 West Queen Lane

2022

Sold

$375,356

21 Mar 2022

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