MLS® ID: PAPH823316

318 N PRESTON STREET

PHILADELPHIA, Pennsylvania, 19104

$1,090,000 Active
  • 3848 SQFT
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 mid October 2019.
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Listing courtesy of Real Broker LLC

Amenities

  • Full baths
    0
  • Half baths
    0
  • Zip
    19104
  • Office name
    Real Broker LLC
  • Subdivision
    WEST POWELTON
  • SQFT
    3848
  • Bedrooms
    0
  • Property type
    Multi-Family
  • Zoning type
    RSA5 W/ 3 UNIT VARIANCE
  • School district
    THE SCHOOL DISTRICT OF PHILADELPHIA
  • Year built
    2019
  • Lot size
    0.04
  • Sewer
    No Septic System
  • Heating
    Central
  • Agent name
    Glen Gomez-Meade
  • Purchase Type
    Active
  • Price Range
    $1m-$1.25m
  • Square Feet Range
    3500-4000 sq ft.
  • Year Built Range
    After 2010
  • Office ID
    55701
  • Agent ID
    3244192

Location

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