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$4,200,000
530 N Preston St, Philadelphia, PA 19104
0 Beds
0 Baths
n/a SqFt

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Listing Provided By Homelink Realty
Great investment opportunity, 530 N Preston has a total of 15 student efficacy apartments, each unit is equipped with full bath, kitchen w/o stove. Full building has central air conditioning, all lower lever apartments have access to the back yard. This is a package deal that also include 532, 534 N Preston. Total square footage approximate 18000. Yearly net rental return is around of $292,521/yr . 6.25%. the building has couple of unit is ready to rent, fully income will be more that current income rate. All buildings has the same layout design, number of units. 3 buildings bring 9 units which is total of 45 efficency rooms, Expense sheet is available upon request. 9 years tax abatment left.
  • Price:
  • $4,200,000
  • Acreage:
  • 0.03
  • Year Built:
  • 2020
  • Listing ID #:
  • PAPH2118802
  • Street Address:
  • 530 N Preston St
  • City:
  • Philadelphia
  • State:
  • Pennsylvania
  • Postal Code:
  • 19104
  • County:
  • Philadelphia
  • Community:
  • 19104 (19104)
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
School District: The School District Of Philadelphia
  • Building Condition:
  • Excellent
  • Building Security:
  • Carbon Monoxide Detector(s), Monitored, Smoke Detector, Sprinkler System - Indoor, Exterior Cameras
  • Foundation:
  • Concrete Perimeter
  • New Construction:
  • Yes
  • Number Of Units:
  • 9
  • Type Of Roof:
  • Asphalt
  • Year Built:
  • 2020
  • Year Built Source:
  • Estimated
  • Gross Income:
  • 111240.00
  • Operating Expense:
  • 17053.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • Rm1
  • Lot Description:
  • 17.00 X 85.00
  • Lot Square Footage:
  • 1417.00
  • Days On Market:
  • 262
  • Excluded:
  • Personal Belongs
  • Included In Sale:
  • Appliance, Bed, Table, Chair
  • On Market Date:
  • 2022-05-19
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • Terms:
  • Cash, Conventional
  • Cross Street:
  • Haverford Ave
  • Tax Municipality:
  • Philadelphia
  • City Taxes:
  • 219.00
  • Owner Pays:
  • Cable Tv, Common Area Maintenance, Electricity, Heat, Insurance, Repairs, Sewer, Taxes - Real Estate, Trash Collection, Water
  • Price Per Square Foot:
  • 233.33
  • Property Taxes:
  • $487
  • Tax Year:
  • 2023
  • Parking Description:
  • Public
  • Parking Type:
  • On Street
  • Cooling Fuel:
  • Electric
  • Cooling System:
  • Central A/C
  • Existing Water:
  • Public
  • Heating:
  • Central
  • Heating Fuel:
  • Electric
  • Sewage Type:
  • Public Sewer
  • Utilities:
  • Electric Available
  • Water Heater:
  • Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Homelink Realty
  • © 2023 BRIGHT, All Rights Reserved BRIGHT

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