419 & 419R W Queen Lane Philadelphia, PA 19144
This is an ideal value-add multifamily opportunity, welcome to 419 W Queen Lane! This legal 6-unit rooming house, recognized by the city, offers a potential gross income of at least $57, 600 and a stabilized cap rate of 13.22%. This is the ideal quintessential value-add real estate investment strategy. 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, 417 W Queen lane as a Shovel Ready 9 Unit SFH Development Project with permits, drawings, renderings and financials are available upon request! Property being sold as-is.
- Property TypeMulti-Family
- NeighborhoodGermantown (West)
- CountyPhiladelphia
- Taxes$158
- HOA/Condo/Coop Fees$0
- Days on Site23 Days
- MLS StatusActive
- MLS ID NumberPAPH2358120
- Home Size Source Assessor
- Year Built1900
- Lot Size0.03 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Straight Thru
- Parking On Street
- Sewer Public Sewer
- Basement Unfinished
- Acreage 0.03
- Water Public
- Cross Street McKean Ave
- Attached Garage No
- Foundation Concrete Perimeter
- Zoning RSA5
Interior Features
- Cooling None
- Heating None
- Fireplace No
Exterior Features
- Spa No
- Waterfront Property No
Community Features
- MLS Area 19144 (19144)