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530 N Preston Street

PHILADELPHIA, PA 19104
  • $4,200,000
  • STATUS: Active
  • ON SITE: 86 Days
  • ID#: PAPH2118802
$4,200,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2020
County:

School Ratings & Info

Description

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.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Newman Real Estate Group | Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-14T07:10:17.253.
www.thinknewman.com/homes/128911126
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530 N Preston Street PHILADELPHIA, PA 19104

  • Price: $4,200,000
  • Status: Active
  • On Site: 86 Days
  • ID#: PAPH2118802
0
Beds
0
Baths
0
½ Baths
0.03
Acres
2020
Built
Neighborhood:
19104 (19104)
County:
Philadelphia
Area:
19104 (19104)
School District:
The School District Of Philadelphia
Property Description
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.
Exterior Features

Construction Materials AsphaltBrickConcreteCpvc/PvcFrameGlassTileVinyl Siding Garage YN No Other Equipment None Parking Features Public Parking Types On Street Property Condition Excellent Riparian Rights YN No Roof Asphalt Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 18000.00 Cooling Central A/C Exclusions Personal Belongs Heating Central Heating YN Yes Inclusions ApplianceBedTableChair Net Square Feet 6000.00 Security Features Carbon Monoxide Detector(S)MonitoredSmoke DetectorSprinkler System - IndoorExterior Cameras

Property Features

Acceptable Financing CashConventional Accessibility Features None Annual Gross Expense 17053.00 Assessment Year 2022 Business Type Apartment Building Central Air YN Yes Construction Completed YN Yes Cooling Fuel Electric Cross Street Haverford Ave Elevators 0 Entry Level 1 Foundation Details Concrete Perimeter Gross Income 111240.00 Heating Fuel Electric Historic YN No Hot Water Electric Internet Services Cable Lease Considered YN No Municipality Philadelphia Navigable Water YN N New Construction YN Yes Number Of Units Total 9 Operating Expense 17053.00 Operating Expense Includes ElectricHeating/CoolingInsuranceRepair/MaintenanceSewerSnow RemovalTrashWater Original MLSNumber 801581106466 Owner Pays Cable TvCommon Area MaintenanceElectricityHeatInsuranceRepairsSewerTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession 31-60 Days Cd61-90 Days CdImmediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 162.00 Tax Assessment Amount 11600.00 Tax Lot 28 Total Actual Rent 94187.00 Transportation Bus Stop Less Than 1 Mile Utilities Electric Available Vacation Rental YN No Water Source Public Zoning Rm1

Listing courtesy of Homelink Realty.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Newman Real Estate Group | Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-14T07:10:17.253.
 
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The Newman Real Estate Group | Keller Williams Flagship of Maryland
231 Najoles Rd., Suite 100
Millersville MD, 21108