522 North Preston Street
522 North Preston Street
$1,200,000
10
10
5,376
5,376
$223
New Construction
Description
OPPORTUNITY knocks! Own a fully occupied 5-unit building in one of Philadelphia's Opportunity Zones. This 7-year young building sits on a 17x100 lot, has 3-4 years left on the tax abatement and brings in $98,700 in gross annual rent. Unit #1 features a flat 2 bed, 2 bath unit with a private backyard for $1725/month. Unit #2 features a 2 bed, 2 bath unit for $1700/month. Unit #3 features a bi-level 2 bed, 2 bath unit for $1650/month. Unit #4 features a bi-level 2 bed, 2 bath unit for $1732.50/month....OPPORTUNITY knocks! Own a fully occupied 5-unit building in one of Philadelphia's Opportunity Zones. This 7-year young building sits on a 17x100 lot, has 3-4 years left on the tax abatement and brings in $98,700 in gross annual rent. Unit #1 features a flat 2 bed, 2 bath unit with a private backyard for $1725/month. Unit #2 features a 2 bed, 2 bath unit for $1700/month. Unit #3 features a bi-level 2 bed, 2 bath unit for $1650/month. Unit #4 features a bi-level 2 bed, 2 bath unit for $1732.50/month. Unit #B features a lower level 2 bed, 2 bath unit for $1417.50/month. The owners collect $60 monthly water fee from each unit. All of the units have open kitchens with brown cabinets, granite countertops and stainless steel appliances, including an electric stove, a dishwasher, a microwave, a refrigerator and a garbage disposal; large bathrooms, high ceilings, skylight windows in the top floors units #3 and #4, intercoms, washer & dryer in each apartment, lots of natural sunlight. Central A/C and heat in each unit. Apt #1 has a private backyard. Extremely low taxes for the next 3 to 4 years! Cap rate of 7.4%.
522 N Preston st is walking distance to UPenn, Drexel U, Penn Presbyterian Medical Center, Philadelphia Zoo, the Vidas Athletic Complex and much more. Minutes to Center City, Art Museum, 30th St Station, Kelly Drive and 76. There are new construction properties everywhere in this neighborhood. This is one of the most concentrated innovation districts in the United States with national leading employment centers and higher learning institutions.
522 N Preston st is walking distance to UPenn, Drexel U, Penn Presbyterian Medical Center, Philadelphia Zoo, the Vidas Athletic Complex and much more. Minutes to Center City, Art Museum, 30th St Station, Kelly Drive and 76. There are new construction properties everywhere in this neighborhood. This is one of the most concentrated innovation districts in the United States with national leading employment centers and higher learning institutions.
- Listed by Kateryna Brekhunova • City Wide Realty IncP: 2678845045 kateryna@citywrealty.com
- Listed by Avraham Cohen • City Wide Realty IncP: 2153106888 acohen@citywrealty.com
Property Details for 522 North Preston Street
Tax ID Number
061195200
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleTraditional
WaterfrontNo
GarageNo
Cross StreetGreen st
MunicipalityPHILADELPHIA
Location
LISTING UPDATED: 04/30/2024 01:59 PM
Property Details for 522 North Preston Street
Status | Active |
---|---|
MLS # | PAPH2256532 |
Days on Market | 298 |
Taxes | $1,483 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 2016 |
Lot Size | 0.04 AC / 1,666 SF |
County | Philadelphia County |
Location
Building Information for 522 North Preston Street
Stories-Residences4Year Built2016Building Size-Lot Size0.04 AC / 1,666 SF
Payment Calculator
$6,672 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 522 North Preston Street
Property History for 522 North Preston Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 522 North Preston Street
Taxable ValueLand-Additions-Total-
Tax Record2023$1,484 ($124 / month)
Home Facts
Total Finished SqFt4,476 SqFtAbove Grade Finished SqFt4,476 SqFtStories4Lot Size1,666 SqFtStyleMulti-Family Dwelling (2-4)Year Built2016ZoningRSA5CountyPHILADELPHIAAPN06-1-1952-00
Schools near 522 North Preston Street
This home is within Philadelphia City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Locke Alain School PublicK to 8 | ||
West Philadelphia High School Public9 to 12 | ||
Paul Robeson High School For Human Services Public9 to 12 | ||
Philadelphia Learning Academy - South Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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