811 N Preston St,PHILADELPHIA, PA 19104
PHILADELPHIA, PA 19104
Description
Fully Turnkey, Fully Occupied Multi-Family Investment in 19104 with Value-Add Potential! Welcome to 811 N. Preston Street, an exceptional, fully stabilized 3-unit building offering immediate cash flow in the high-demand Belmont/Mantua area. Completely rehabbed from top to bottom in 2020, this cash-producing asset seamlessly blends modern updates with a highly functional layout. The property features three spacious, self-contained units-each configured with 2 comfortable bedrooms, 1 full bathroom, and the ultimate tenant convenience: a dedicated in-unit washer and dryer. Every unit showcases the quality of the 2020 renovation, featuring durable contemporary flooring, updated kitchens and bathrooms, individual climate control with central air, and an abundance of natural light. Peace of mind comes standard here: all three units are currently occupied, allowing you to collect rent from day one. One of the units features a reliable, long-term tenant, adding a layer of immediate stability to your investment. Looking to maximize your returns? The property includes a full, unfinished basement that offers incredible value-add potential. With the proper zoning variance, this expansive lower level could potentially host a fourth unit to significantly boost your gross rental income. Location is a major driver for consistent tenant demand! This property positions your tenants just minutes from the booming University City district, offering seamless access to Drexel University, the University of Pennsylvania, and Penn Presbyterian Medical Center. Commuting is effortless with excellent public transit options, nearby bike lanes, and proximity to the Lancaster Avenue trolley lines. Skip the headache of renovations and tenant tracking-this one is ready to go with room to grow. Schedule your tour today and add a stabilized West Philly gem to your balance sheet!
Details
| MLS # | PAPH2637376 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1915 |
| Days On Site | 88 |
| Listing Provided By | Keller Williams Main Line | Shawn Washington |
Features
| SQ Feet | 2,348 |
|---|---|
| Basement | Y |
| Units | 3 |
| Zoning | RSA3 |
| Acreage | 0.06 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Forced Air |
| Appliances | Built-In Microwave, Dryer - Gas, Stove, Washer, Refrigerator |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Concrete Perimeter |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 5170 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19104) | |
Price: $399,000 low | high Med: $2,901 sqft: 2,348 low | high Med: 1,082 $ / sqft: $170 low | high Med: $3 On site: 88 low | high Med: 2.5 | |
Market Activity 19104
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19104 |
| Area | 19104 (19104) |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in 19104) | |
Price: $399,000 low | high Med: $2,901 sqft: 2,348 low | high Med: 1,082 $ / sqft: $170 low | high Med: $3 On site: 88 low | high Med: 2.5 | |
