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811 N PRESTON STREET

PHILADELPHIA, PA 19104

MLS#: PAPH2637376

$450,000

Status: Active
Listing number: PAPH2637376
Listing provided by: Keller Williams Main Line
Listing agent phone: None
Last update: 3 days ago
New on site 4 days ago
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Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1915

Sq.Footage

2,348

Fully Turnkey, Fully Occupied Multi-Family Investment in 19104 with Value-Add Potential! 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!

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2348.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air, Gas

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.06

  • Lot Size(square feet)

    2614.0

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Traditional

Price

  • Sales Price

    $450,000

  • Tax Amount

    $5,170

  • Sq. Footage

    2, 348

  • Price/SqFt

    $191

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Concrete Perimeter

  • Sewer

    Private Sewer

  • Tax Lot

    128

  • Water Source

    Public

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Listing Courtesy of Shawn Washington , Keller Williams Main Line

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Agent Todd Polinchock

Owner, Chief Executive Officer, Portfolio Advisor

Todd Polinchock

Call Todd today to schedule a private showing.

(267) 980-3930

todd@tntrealestatesolutions.com


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Fully Turnkey, Fully Occupied Multi-Family Investment in 19104 with Value-Add Potential! 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!

811 N PRESTON STREET

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