For Sale

Listed by Damon Michels and Joshua Pagan from Keller Williams Main Line - Narberth

Source: Bright MLS #PAPH2357994

417 West Queen Lane, Philadelphia, PA, 19144

$575,000

4565 sq. ft.
5773 sq. ft.

Other

•

30+ days on the market

What's around 417 West Queen Lane

About this property

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!

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