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516 N Preston Street

PHILADELPHIA, PA 19104
  • $725,000
  • STATUS: Active
  • ON SITE: 48 Days
  • ID#: PAPH2413020
$725,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,732
    SQFT
  • $194
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2009
County:

School Ratings & Info

Description

Fantastic Investment Opportunity! Dont miss this fully rented triplex with excellent cash flow and low annual expenses. This property features three units with a total of eight bedrooms: a spacious bi-level four-bedroom, two-bath unit complete with a kitchen, two living areas, and a private patio. The second and third floors offer two updated two-bedroom, one-bath units. Each apartment boasts hardwood and ceramic tile flooring, modern kitchens with gas stoves, in-unit washers and dryers, and individual heating and central air conditioning. Recent upgrades include: newer HVAC units (units A, B, and C), vinyl siding, new water service line, new dishwasher (Unit A), new range and microwave (unit C). Located in the thriving West Powelton neighborhood, this property is strategically positioned near the University City Science Center, Drexel University, and the University of Pennsylvania, along with a variety of dining and coffee options. With multiple convenient SEPTA transportation options available, it is less than ten minutes by car or bicycle to Center City"an undeniable opportunity for any investor.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-10T23:51:08.107.
www.rossrem.com/homes/157084375
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516 N Preston Street PHILADELPHIA, PA 19104

  • Price: $725,000
  • Status: Active
  • On Site: 48 Days
  • ID#: PAPH2413020
0
Beds
0
Baths
0
½ Baths
0.03
Acres
3,732
SQFT
$194
$/SQFT
2009
Built
Neighborhood:
Powelton Village
County:
Philadelphia
Area:
19104 (19104)
School District:
The School District Of Philadelphia
Property Description
Fantastic Investment Opportunity! Dont miss this fully rented triplex with excellent cash flow and low annual expenses. This property features three units with a total of eight bedrooms: a spacious bi-level four-bedroom, two-bath unit complete with a kitchen, two living areas, and a private patio. The second and third floors offer two updated two-bedroom, one-bath units. Each apartment boasts hardwood and ceramic tile flooring, modern kitchens with gas stoves, in-unit washers and dryers, and individual heating and central air conditioning. Recent upgrades include: newer HVAC units (units A, B, and C), vinyl siding, new water service line, new dishwasher (Unit A), new range and microwave (unit C). Located in the thriving West Powelton neighborhood, this property is strategically positioned near the University City Science Center, Drexel University, and the University of Pennsylvania, along with a variety of dining and coffee options. With multiple convenient SEPTA transportation options available, it is less than ten minutes by car or bicycle to Center City"an undeniable opportunity for any investor.
Exterior Features

Architectural Style Traditional Construction Materials Brick FrontVinyl Siding Garage YN No Parking Types On Street Pool No Pool Property Condition Very Good Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2832 Basement FullFully Finished Basement YN Yes Below Grade Finished Area 900 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions tenants personal belongings Fireplace YN No Flooring Hardwood Heating Forced Air Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

Property Features

Accessibility Features None Central Air YN Yes Cooling Fuel Electric Existing Lease Type Yearly Foundation Details Concrete Perimeter Gross Income 64586.64 Heating Fuel Natural Gas Hot Water Electric Municipality PHILADELPHIA Navigable Water YN N Net Operating Income 48628.70 New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Operating Expense Includes InsuranceSnow RemovalTrash Original MLSNumber 803440904418 Owner Pays Heater Maintenance ContractInsurancePest ControlRepairsSewerSnow RemovalTaxes - Real EstateWater Ownership Interest Fee Simple Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type End of Row/Townhouse Tax Annual Amount 7418.00 Tax Lot 240 Total Actual Rent 64586.64 Vacation Rental YN No Water Source Public Zoning RSA5

Listing courtesy of Compass Pennsylvania, LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-10T23:51:08.107.
 
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