631 N PRESTON ST new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,703 sqft
Price per Sqft $261
MLS Listing ID PAPH2464282
Style Contemporary
Abv Grd Liv Area 3,703
Originating Board BRIGHT
Year Built 2024
Annual Tax Amount $1,233
Tax Year 2024
Lot Size 1,711 Sqft
Acres 0.04
Lot Dimensions 16.00 x 104.00
Property Sub-Type End of Row/Townhouse
Property Description
Welcome to 631 N Preston! Embrace this amazing NEW CONSTRUCTION QUADUPLEX - 4 UNITS -offering a perfect blend of modern comfort and classic design. Completed JUNE 2024 this building features a 10 Year Tax Abatement. Boasting versatile two 2-bed, 2-bath units on the second & third floor, with third floor unit featuring a massive outdoor roof-deck. Also complemented by 2 more bi-level units on first and lower level. One unit features a 1-bed 1-bath apartment while the other is currently set up as commercial space with the ability to be converted into a unit. The open-concept kitchen and living areas create a welcoming atmosphere, characterized by thoughtful layouts. This property caters to the first-time homebuyer, or savvy investor. 10 YEARS TAX ABETMENT! Unit 1 currently rented at $1550 Unit 2 currently rented at $1775 Unit 3 which features large roof deck currently vacant for possibility of owner occupant investors projected rent $2300. 4th unit currently vacant. Additional perks the property's location within a Qualified Opportunity Zone (QOZ), ensuring a secure investment. Conveniently located near University of Penn and Drexel University, restaurants, public transportation, shopping centers and just minutes from Center City. Don't miss the opportunity to own this amazing Quadplex, rent it as investment or live in one unit and rent the others! Schedule your tour today. Floor plans can be provided at request.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning CMX2
Rooms
Basement Fully Finished
Interior
Interior Features Combination Kitchen/Living,Combination Dining/Living,Efficiency,Floor Plan - Open,Recessed Lighting
Hot Water Electric
Heating Central
Cooling Central A/C
Flooring Luxury Vinyl Plank
Equipment Dishwasher,Dryer - Electric,Microwave,Stainless Steel Appliances,Washer - Front Loading,Water Heater - High-Efficiency,Refrigerator,Oven/Range - Electric
Fireplace N
Appliance Dishwasher,Dryer - Electric,Microwave,Stainless Steel Appliances,Washer - Front Loading,Water Heater - High-Efficiency,Refrigerator,Oven/Range - Electric
Heat Source Electric
Exterior
Water Access N
Roof Type Fiberglass
Accessibility Level Entry - Main
Garage N
Building
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade,Below Grade
Structure Type 9'+ Ceilings
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 061185010
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,Conventional,PHFA,FHA
Listing Terms Cash,Conventional,PHFA,FHA
Financing Cash,Conventional,PHFA,FHA
Special Listing Condition Standard