$245,000
- Beds
- 5
- Baths
- 3.0
- sq ft
- 2,005
804 N Preston St, Philadelphia, PA 19104
804 N Preston St
PHILADELPHIA, PA 19104
- 352 days on market
- Price drop $30,000↓
This triplex in Philadelphia's Mantua section offers a prime opportunity for investors looking to renovate and potentially expand a multi-unit property. The RM1 zoning allows for conversion into up to four units, providing flexibility for various investment strategies.
The property's location in Mantua, an area experiencing a surge in new construction, suggests potential for neighborhood appreciation. This trend could positively impact future property values and rental demand.
Currently configured as a triplex with a mix of one and two-bedroom units, the property requires a comprehensive renovation to reach its full potential and command market-rate rents. With a projected ARV of $750,000 to $800,000 post-renovation, this property presents an attractive opportunity for value-add investors in a developing Philadelphia neighborhood.
Details
Property type
Single Family Residence
Lot size
1,238 sq ft
Price per sq ft
$123
Year built
1915
Annual property taxes
$1,487
HOA
No
Price History
08/14/2024
Bright #PAPH2256978
Price change
$245,000
-10.91%
08/02/2024
Bright #PAPH2256978
Listed
$275,000
07/29/2024
Bright #PAPH2256978
Pending
$275,000
Schools & Community
Neighborhood:
Belmont
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
School district:
THE SCHOOL DISTRICT OF PHILADELPHIA
Status: Active
Tomo last checked: 09/21/2024 at 4:10 PM
Listing updated: 08/25/2024 at 3:13 AM
Listed by: Shaheedah A Tinsley-Cobbs, Realty ONE Group Focus Phone #: (484) 500-1681
MLS: Bright #PAPH2256978
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