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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.
- Neighborhood
- Type
- CountyPhiladelphia
- Area19144
- Tax Amount$158
- StatusActive
- Listing #PAPH2358120
- Built1900
- Lot Size0.03
- Listed on site119 days
- Listing Agent Id121135762279
- Co Listing Agent Id300417705177
Listed by:
KW Main Line - Narberth
Source:
BRIGHT MLS
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School Info
- school districtThe School District Of Philadelphia
- high schoolGermantown
Property details
Community Features
- No HOA
- No Adult Community
Property Features
- No Builder Restrictions
Exterior features
- No Pool
- Basement
Property History
| Date | Days Ago | Event | New Price |
|---|---|---|---|
| Jun 28, 2024 | 3 mos ago | Price decreased50,000 (17%) | $250,000 |
| Jun 6, 2024 | 4 mos ago | Price decreased50,000 (14%) | $300,000 |
| May 23, 2024 | 4 mos ago | New on market | $350,000 |
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