Property
Philadelphia, PA 19104 631 N Preston Street
$985,000
55 more
Presented By: Long & Foster Real Estate, Inc.
Beds • 5
Home Details
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 thw 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! Additional perks include a one-year warranty, and 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.
Presented By: Long & Foster Real Estate, Inc.
Interior Features for 631 N Preston Street
Bedrooms
Three Bedroom Units Count
Other Interior Features
LivingAreaSourceEstimated
BasementFully Finished
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
FlooringLuxury Vinyl Plank
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Total Stories4
General for 631 N Preston Street
Acceptable FinancingCash, Conventional, PHFA, FHA
AccessibilityLevel Entry - Main
AppliancesDishwasher, Dryer - Electric, Microwave, Stainless Steel Appliances, Washer - Front Loading, Water Heater - High-Efficiency, Refrigerator, Oven/Range - Electric
Architectural StyleContemporary
Buyer Agent Compensation2.5
Buyer Agent Compensation Type% Of Gross
Cap Rate0.81
CityPHILADELPHIA
Construction Completed Y/NYes
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
Days on Market8
DirectionsHaverford & Preston
Electric200+ Amp Service
Garage Y/NNo
HeatingCentral
Insurance Expense1200.00
Interior FeaturesCombination Kitchen/Living, Combination Dining/Living, Efficiency, Floor Plan - Open, Recessed Lighting
Lot Size Square Feet1711.00
Lot Size UnitsSquare Feet
MLS Area19104 (19104)
MaintenanceExpense1000.00
ModificationTimestamp2024-06-13T15:34:17
MunicipalityPHILADELPHIA
Net Operating Income80000.00
New ConstructionYes
Number of Units Leased
NumberOfUnitsTotal4
NumberOfUnitsVacant4
One Bedroom Units Count1
Operating Expense2500.00
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 4, Unit 3
Percent OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG266.0
Property ConditionExcellent
Property SubTypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofFiberglass
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count1
Standard StatusActive
StatusACTIVE
Structure TypeEnd of Row/Townhouse
Tax Annual Amount702.0
Tax Assessed Value50200.0
Tax Lot197
Tax Year2022
Total Actual Rent86400.00
Total Rooms6
Total SQFT3703
Trash Expense1000.00
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built2024
Year Built SourceEstimated
ZoningCMX2
Exterior for 631 N Preston Street
Foundation DetailsPermanent
Land Assessed Value50200.00
Land Use CodeH30
Lot Dimensions16.00 x 104.00
Lot Size Acres0.04
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Tina Torres
Broker/Owner