631 N Preston Street, Philadelphia, PA 19104-1713 $970,000

# of Units: 4
Interior Sq. Ft: 3,703
Acreage: 0.04
Age:1 years
Taxes: $1,233
MLS#: PAPH2464282
Design/Type:
End of Row/Townhouse

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.

Taxes: $1,233
Home Assoc: No
Condo Assoc: No
Garage: N
Basement: Y
Pool: No Pool
School Dist: The School District Of Philadelphia

Features

Utilities
Central Heating, Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer, 200+ Amp Service

Garage/Parking
On Street

Interior
Combination Dining/Living, Combination Kitchen/Living, Efficiency, Floor Plan - Open, Fully Finished Basement, Luxury Vinyl Plank Flooring, 9'+ Ceilings, Accessibility - Level Entry - Main

Exterior
Permanent Foundation, Fiberglass Roof, Masonry

Contact Information

Listing Courtesy of: Long & Foster Real Estate, Inc. , (610) 225-7440, art@lnf.com

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Listing data as of 4/04/2025.