PA > Philadelphia > Germantown (West)
Philadelphia, PA 19144,417 W QUEEN LN
Philadelphia, PA 19144,417 W QUEEN LN
Philadelphia, PA 19144,417 W QUEEN LN
Philadelphia, PA 19144,417 W QUEEN LN
Philadelphia, PA 19144,417 W QUEEN LN
Philadelphia, PA 19144,417 W QUEEN LN
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Jack Jenkins

Jack Jenkins

+1(571) 229-6877
$ 575,000
Est. payment | /mo

4,565 SqFt

Save
$ 575,000
Est. payment | /mo
Save

4,565 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,565 sqft

Price per Sqft $125

Subdivision Germantown (West)

MLS Listing ID PAPH2357994

Style Other

Abv Grd Liv Area 4,565

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $4,497

Tax Year 2024

Lot Size 5,773 Sqft

Acres 0.13

Lot Dimensions 25.00 x 231.00

Property 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!

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning RSA5

Rooms

Basement Unfinished

Interior

Hot Water Electric

Heating Other

Cooling Window Unit(s)

Fireplace N

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 124006701

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA 203(k)

Listing Terms Cash, Conventional, FHA 203(k)

Financing Cash,Conventional,FHA 203(k)

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Damon C. Michels • KW Main Line - Narberth

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417 W QUEEN LN