3566 Indian Queen Lane

Description

Stone Twin Triplex in East Falls – Income-Producing Opportunity. Strong investment potential and ideal owner-occupant appeal. This three-story, porch-front property sits on a deep lot and features three one-bedroom units with a solid past rental history. This property offers excellent cash-flow potential with upside for rent growth, while also appealing to buyers seeking to occupy one unit and generate income from the others. Building is in need of some repair & updated. Unit Highlights: First Floor: One bedroom, living and dining rooms, kitchen with refrigerator and stove/oven, three-piece bath, wall-to-wall carpeting, and direct access to the rear yard and deck. Second Floor: One bedroom, living room, eat-in kitchen with island, wood floors and carpeting, large closets, and three-piece hall bath. Third Floor: One bedroom, living room, eat-in kitchen, large closets, and hall bath. Basement: Common access with storage, laundry, and utilities. Utilities: Gas and water paid by landlord; electric paid by tenants. Conveniently located minutes from Center City Philadelphia, with easy access to major roadways, regional rail, public transportation, Kelly Drive, and local dining. A strong opportunity for investors or owner-occupants seeking long-term income and location-driven demand. Prior rent for the 3 units: $1200, $1000, $1000. Unit one and two are vacant but unit 3 tenant would like to stay if possible. Currently on month to month lease. (Listing agent has financial interest in the property)