417 QUEEN LANE, Philadelphia, Pennsylvania 19144 For Sale

For Sale
$625,000

417 QUEEN LANE, Philadelphia, Pennsylvania 19144

  • 4,565 Sqft
  • Built Year 1900

Description

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!

Basic Details

  • Property Type: Multi-family
  • Listing Type: For Sale
  • Listing ID: PAPH2357994
  • Price: $625,000
  • Rooms: 0
  • Half Bathrooms: 0
  • Square Footage: 4,565 Sqft
  • Year Built: 1900
  • Lot Area: 0.13 Acre
  • Status: Active
  • PropertySubType: Other

Address Map

  • Country US
  • State PA
  • County PHILADELPHIA
  • City Philadelphia
  • Neighborhood GERMANTOWN (WEST)
  • Zipcode 19144
  • Neighborhood: GERMANTOWN (WEST)
  • Street: QUEEN
  • Street Number: 417
  • Street Suffix: LANE
  • Floor Number: 0
  • Longitude: E0° 0' 0''
  • Latitude: N0° 0' 0''
  • Directions: Wissahickon Ave to W Queen Lane
  • MLSAreaMajor: 19144 (19144)
  • StreetDirPrefix: W

Features

  • Heating System : Other
  • Cooling System : Window Unit(s)
TCS Group
Property

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