530 N PRESTON STREET

PHILADELPHIA, PA, 19104

$4,200,000

$233 per ft²
$4,200,000
$233 per ft²
Active
Active
 - For Sale
carpenters-square
18,000 ft²
property_type
Commercial
calendar
Built 2020
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.
MLS® ID:
PAPH2118802
Updated:
8/18/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
Central

Exterior/Building Features

Lot Size
1,417 ft² lot
Roof
Asphalt
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19104 (19104)
Taxes
$162.00
Tax Frequency
per YEAR
Garage
No
Parking
Public
View
N
County
PHILADELPHIA
Utilities
Electric Available
Water Source
Public
Pool
No
Total Stories
5
Zoning
RM1

Property History

Date
Event
Price
Value
6/18/22
Price Change
$4,200,000
-6%
5/29/22
Price Change
$4,480,000
-4%

Courtesy of Homelink Realty

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Data last updated 6:42 PM UTC, 8/18/22

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