318 N PRESTON ST, PHILADELPHIA, PA 19104 (MLS # PAPH823316)
BRAND NEW CONSTRUCTION IN UNIVERSITY CITY. This high-end triplex with 8 spacious bedrooms and 7 luxurious bathrooms will prove to be an incredible investment for years to come. Steps from Penn Presbyterian Medical center, University of Pennsylvania, Drexel University, 40th St. SEPTA station, and the famous Green Line Cafe where students are always studying. Rent up the street goes for $750-950 per bedroom, making this a slam dunk investment. Very low vacancy rates near UPenn and Drexel with higher demand needed as new University of Pennsylvania's $1 billion hospital nears completion along with other significant investments such as Schuykill Yards and 3.0 University Place around the corner. Includes a 10-year tax abatement and a one-year builder warranty by the craftsmen at GRIT Construction. Located in an Economic Opportunity Zone and Drexel and UPenn safety zone where University police patrol, 318 N. Preston will be a hit. Slated for completion before start of Spring Semester. *Agent has financial interest in property. Renderings are artistic in nature and layouts are subject to change after construction.
Property Type(s): Multi Family
|Last Updated||8/12/2019||Tract||WEST POWELTON|
|School District||THE SCHOOL DISTRICT OF PHILADELPHIA|
|High School||WEST PHILADELPHIA|
|BASEMENT||Fully Finished, Heated, Improved, Poured Concrete, Slab, Windows, Yes|
|LOT||1742 sq ft|
|SEWER||No Septic System|
|ZONING||RSA5 W/ 3 UNIT VARIANCE|
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Data last updated: 12/6/19 10:36 AM PST
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