2,348 SqFt
2,348 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,348 sqft
Price per Sqft $191
MLS Listing ID PAPH2637376
Style Traditional
Abv Grd Liv Area 2,348
Year Built 1915
Annual Tax Amount $5,170
Tax Year 2026
Lot Size 2,614 Sqft
Acres 0.06
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
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!
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA3
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Equipment Built-In Microwave, Dryer - Gas, Stove, Washer, Refrigerator
Fireplace N
Appliance Built-In Microwave, Dryer - Gas, Stove, Washer, Refrigerator
Heat Source Natural Gas
Laundry Washer In Unit, Dryer In Unit
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 2348
Sewer Private Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 062236300
Ownership Fee Simple
SqFt Source 2348
Acceptable Financing Cash, Conventional, FHA, VA, USDA
Listing Terms Cash, Conventional, FHA, VA, USDA
Financing Cash,Conventional,FHA,VA,USDA
Special Listing Condition Short Sale
Nearby Locations
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