BEDS0
BATHS
SQUARE FEET2,580
MLS#PAPH2621198
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONUNIVERSITY CITY
SCHOOLPHILADELPHIA CITY
Property Description
Located in the heart of Philadelphia’s booming University City neighborhood, this is an exceptional opportunity for investors, developers, and builders to capitalize on one of the city’s fastest-growing areas. Positioned along the highly visible Lancaster Avenue commercial corridor, the property offers incredible potential for redevelopment and long-term appreciation. There are so many new constructions on the block; come and be the next developer. The work has been made easy for you. The building has already been framed for a three-unit layout, featuring spacious two-bedroom units on the second and third floors. The first floor was previously approved for restaurant use, though buyers should verify the current status of any permits with the city. Surrounded by strong rental demand driven by students from Drexel University and the University of Pennsylvania, as well as young professionals, this location is primed for continued growth. The ongoing expansion of Schuylkill Yards is expected to further transform the area and increase property values for years to come. Whether you’re looking to develop 3 apartments or create a mixed-use investment property, this property presents endless possibilities in a rapidly appreciating market. No power in the building. So, please bring a flashlight with you. Don’t miss this rare investment opportunity — submit your offer today!
Property Features
Property Type: Multi Unit - Multiple
Basement: Interior Access, Walkout Stairs
Basement: Yes
Cooling: None
Fuel Type: None
Heating: None
Home Style: Traditional
Lot Size: 0.03 Acres
Taxes: $1,979
Year Built: 1925
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 10
Exterior: Sidewalks, Street Lights
Exterior: Masonry
Flooring: Rough-In
Location: Urban
Lot: Rear Yard
Lot Dimensions: 0.03 Acre(S)
Municipality: PHILADELPHIA
Sewer: Public Sewer
Special View Info: Street
Structure Type: Interior Row/Townhouse
Studio Efficiency Units: 13
Three Bedroom Units: 1
Two Bedroom Units: 2
Units: 3
Water: Public
Local Schools
School District: PHILADELPHIA CITY
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty Group
Agency Phone: 6107925900
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
Estimate Your Payment
Estimated Payment
$ 794.22 per month $556.39 Principal & Interest $164.92 Property Tax $72.92 Homeowner's InsuranceChange Payment Information
643 N Preston Street | MLS# PAPH2621198
This multi-family property located at 643 N Preston Street , Philadelphia, PA 19104 is currently listed for sale with an asking price of $250,000. N Preston Street is located within the PHILADELPHIA CITY school district. Search Philadelphia real estate on www.realtymark.net today.