522 N Preston Street
Philadelphia, PA, 19104 $ 1,200,000
Bedrooms10 Baths0.0 Monthly Estimate*
$ 7,976
for $1,200,000 with 10 bedrooms. This home was built in 2016 on a lot size of 0.04.
OPPORTUNITY knocks!!! Own a fully occupied 5-unit building in one of Philadelphia's Opportunity Zones. This 7-year young building sits on a 17x100 lot, has 3-4 years left on the tax abatement and brings in $98,700 in gross annual rent. Unit #1 features a flat 2 bed, 2 bath unit with a private backyard for $1725/month. Unit #2 features a 2 bed, 2 bath unit for $1700/month. Unit #3 features a bi-level 2 bed, 2 bath unit for $1650/month. Unit #4 features a bi-level 2 bed, 2 bath unit for $1732.50/month. Unit #B features a lower level 2 bed, 2 bath unit for $1417.50/month. The owners collect $60 monthly water fee from each unit. All of the units have open kitchens with brown cabinets, granite countertops and stainless steel appliances, including an electric stove, a dishwasher, a microwave, a refrigerator and a garbage disposal; large bathrooms, high ceilings, skylight windows in the top floors units #3 and #4, intercoms, washer & dryer in each apartment, lots of natural sunlight. Central A/C and heat in each unit. Apt #1 has a private backyard. Extremely low taxes for the next 3 to 4 years! Cap rate of 7.4%. 522 N Preston st is walking distance to UPenn, Drexel U, Penn Presbyterian Medical Center, Philadelphia Zoo, the Vidas Athletic Complex and much more. Minutes to Center City, Art Museum, 30th St Station, Kelly Drive and 76. There are new construction properties everywhere in this neighborhood. This is one of the most concentrated innovation districts in the United States with national leading employment centers and higher learning institutions.
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FeaturesInteriorHeating Fuel Electric
Basement Fully Finished
Flooring Engineered Wood
Hot Water Electric
Total Stories 4
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Street Suffix STREET
Central Air Y/N Y
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GeneralSewer Public Sewer
Heating Central
Cooling Central A/C
Possession Immediate
Zoning RSA5
Pool Y/N No Pool
Architectural Style Traditional
Construction Materials Concrete
Year Built 2016
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility Other
County PHILADELPHIA
New Construction Y
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions google maps
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 4
MLS Area 19104 (19104)
Lot Size Square Feet 1666.00
Waterfront Y/N N
Number of Units Leased 4
Street Name PRESTON
Tax Annual Amount 1483.0
Property Condition Excellent
Two Bedroom 5
Structure Type Interior Row/Townhouse
Price Per Sq Ft 268.1
Construction Completed Y/N N
Vacation Rental Y/N N
Days on Market 295
Lease Type Yearly
Standard Status Active
Year Built Source Assessor
Tax Lot 74
Total Actual Rent 98700.00
Buyer Agent Compensation Type % Of Gross
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ExteriorWater Source Public
Type of Parking On Street
Foundation Details Slab
Water View Y/N N
Lot Dimensions 17.00 x 100.00
Lot Size Acres 0.04
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 106000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByCity Wide Realty IncBroker
kateryna@citywrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,976
- Monthly Property Taxes
- $124
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Philadelphia, PA
Average List Price $547,165
Percent of Sale Price 54%
About Philadelphia, PA 1,588,239 Population
5% Since 2002
$ 42,223 Median Income
36 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
3533249 Elementary School
3533189 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
7/12/2023 | $1,200,000 | | Listed Price |