516 North Preston Street
$725,000
8
4
3,732
3,732
$194
Listed By Compass
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...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.
Listing Agents
Property Details for 516 North Preston Street
Tax ID Number
061194900
OwnershipFee Simple
Structure TypeEnd of Row/Townhouse
StyleTraditional
WaterfrontNo
GarageNo
SubdivisionPOWELTON VILLAGE
SubdivisionPOWELTON VILLAGE (PHILADELPHIA PA)
LISTING UPDATED: 12/03/2024 10:34 AM
Property Details for 516 North Preston Street
Status | Active |
---|---|
MLS # | PAPH2413020 |
Days on Market | 69 |
Taxes | $7,418 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 2009 |
Lot Size | 0.03 AC / 1,524 SF |
County | Philadelphia County |
Buyer's Agent Compensation | 2.5% |
Building
Building Information for 516 North Preston Street
Stories2Residences-Year Built2009Building Size-Lot Size0.03 AC / 1,524 SF
Property Information for 516 North Preston Street
Property History for 516 North Preston Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 516 North Preston Street
Taxable ValueLand$106,000Additions$424,000Total$530,000
Tax Record2024$7,419 ($618 / month)
Home Facts
Total Finished SqFt2,874 SqFtAbove Grade Finished SqFt2,874 SqFtStories3Lot Size1,524 SqFtStyleMulti-Family Dwelling (2-4)Year Built2009ZoningRSA5CountyPHILADELPHIAAPN06-1-1949-00
Schools near 516 North Preston Street
This home is within The School District of Philadelphia.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Locke Alain School PublicK to 8 | ||
West Philadelphia High School Public9 to 12 | ||
Paul Robeson High School For Human Services Public9 to 12 | ||
Philadelphia Learning Academy - South Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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