332 W Queen Lane, Philadelphia, PA 19144

Property Description

Opportunity to own, build equity, and develop a recently gut renovated (2022) 4 bedroom, 3 bath home, on a double lot, in a rapidly developing area within walking distance to Jefferson University, Drexel Medical School, Germantown Friends School, Penn Charter, Germantown Cricket Club, the Veterans Affairs offices, and more. 4 large bedrooms and 3 full bathrooms-one on each floor, laundry room, new kitchen, and restored hardwoods over three floors. Third floor primary bedroom with raised ceilings, skylights, attached bath and office/bedroom/nursery/walk in closet. New outdoor deck. Surrounded by new residential and commercial construction, this home is in a prime location for any future project you have in mind. It has had great rental history and rented easily. (Note, pictures are from before the current tenant moved in but home remains well maintained). Property is easily split into two parcels and is CMX-2.5 zoning- 5 story building with first floor commercial is by right. Live in the renovated house, build on the lot and then have two properties with solid rental income. Or keep the large yard and have a gorgeous single-family home in a quiet, growing location. The home has a legal variance as a single-family home. The Wissahickon, Fern Hill Park, and easy access to 76. rental comps are 2500-3000/month. Recent neighboring lots have sold for over $100 a square foot without a renovated home on them. This home is tenant occupied on a 60 day notice to move. That said, all showings will need notice and confirmation.