516 N PRESTON ST, Philadelphia, PA 19104 - MLS#PAPH2413020

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Adam Ferst

[email protected] +1(202) 421-5500

$725,000

Est. payment - /mo

3,732 SqFt

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UPDATED:

10/23/2024 08:50 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 3,732 sqft

Price per Sqft $194

Subdivision Powelton Village

MLS Listing ID PAPH2413020

Style Traditional

Abv Grd Liv Area 2,832

Originating Board BRIGHT

Year Built 2009

Annual Tax Amount $7,418

Tax Year 2024

Lot Size 1,524 Sqft

Acres 0.03

Lot Dimensions 17.00 x 92.00

Property Description

Fantastic Investment Opportunity! Don’t 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.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RSA5

Rooms

Basement Full, Fully Finished

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Hardwood

Fireplace N

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 061194900

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Jordan B Wiener • Compass RE

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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