318 N Preston Street

    PHILADELPHIA, PA 19104
    • $1,090,000
    • STATUS: Active
    • ON SITE: 93 days
    • ID#: PAPH823316
    $1,090,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,848
      SQFT
    • $283
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Information

    Description

    BRAND NEW CONSTRUCTION IN UNIVERSITY CITY. This high-end triplex with 8 spacious bedrooms and 7 luxurious bathrooms will prove to be an incredible investment for years to come. Steps from Penn Presbyterian Medical center, University of Pennsylvania, Drexel University, 40th St. SEPTA station, and the famous Green Line Cafe where students are always studying. Rent up the street goes for $750-950 per bedroom, making this a slam dunk investment. Very low vacancy rates near UPenn and Drexel with higher demand needed as new University of Pennsylvania's $1 billion hospital nears completion along with other significant investments such as Schuykill Yards and 3.0 University Place around the corner. Includes a 10-year tax abatement and a one-year builder warranty by the craftsmen at GRIT Construction. Located in an Economic Opportunity Zone and Drexel and UPenn safety zone where University police patrol, 318 N. Preston will be a hit. Slated for completion before start of Spring Semester. *Agent has financial interest in property. Renderings are artistic in nature and layouts are subject to change after construction.

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    ©2019 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. 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: 2019-11-13T22:51:26.627.
    www.seeinsidethehouse.com/homes/97877601

    318 N Preston Street PHILADELPHIA, PA 19104

    • Price: $1,090,000
    • Status: Active
    • ID#: PAPH823316
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    3,848
    SQFT
    $283
    $/SQFT
    2019
    Built
    Neighborhood:
    West Powelton
    County:
    Philadelphia
    Area:
    19104 (19104)
    High School:
    West Philadelphia
    School District:
    The School District Of Philadelphia
    Property Description
    BRAND NEW CONSTRUCTION IN UNIVERSITY CITY. This high-end triplex with 8 spacious bedrooms and 7 luxurious bathrooms will prove to be an incredible investment for years to come. Steps from Penn Presbyterian Medical center, University of Pennsylvania, Drexel University, 40th St. SEPTA station, and the famous Green Line Cafe where students are always studying. Rent up the street goes for $750-950 per bedroom, making this a slam dunk investment. Very low vacancy rates near UPenn and Drexel with higher demand needed as new University of Pennsylvania's $1 billion hospital nears completion along with other significant investments such as Schuykill Yards and 3.0 University Place around the corner. Includes a 10-year tax abatement and a one-year builder warranty by the craftsmen at GRIT Construction. Located in an Economic Opportunity Zone and Drexel and UPenn safety zone where University police patrol, 318 N. Preston will be a hit. Slated for completion before start of Spring Semester. *Agent has financial interest in property. Renderings are artistic in nature and layouts are subject to change after construction.
    Exterior Features

    Architectural Style Contemporary Construction Materials Brick Veneer Garage YN No Other Structures Above Grade Parking Types On Street Patio And Porch Features Patio(S) Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3848 Basement WindowsSlabPoured ConcreteImprovedHeatedFully Finished Basement YN Yes Cooling Central A/C Heating Central Heating YN Yes Rooms Total 20 Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 2

    Property Features

    Accessibility Features 2+ Access Exits36"+ Wide HallsDoors - Lever Handle(S) Association YN No Central Air YN Yes Construction Completed YN No Cooling Fuel Electric Cross Street Powelton Ave Heating Fuel Natural Gas Hot Water Electric Incorporated City Name Philadelphia Navigable Water YN N New Construction YN Yes Number Of Units Total 3 Original MLSNumber 301947582382 Ownership Interest Fee Simple Possession Settlement Property Sub Type Triplex Sale Type Standard Sewer No Septic System Structure Design Type Row/Townhouse Tax Annual Amount 175.0 Tax Assessment Amount 54900.0 Vacation Rental YN No Water Source Public Zoning Rsa5 W/ 3 Unit Variance Zoning Description Zoned Rsa5 W/ A 3 Unit Variance in Place Granted By Zba.

    Listing courtesy of Real Broker Llc.
    ©2019 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. 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: 2019-11-13T22:51:26.627.
     
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    6 State Route 173, Suite 202
    Clinton NJ, 08809