Listing Courtesy of Real Broker LLC
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  • 2019
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  • 1,742
Active Status Triplex
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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. Contact Glen Gomez directly for more information on this unique and rare opportunity for student housing in booming University City. 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 mid October 2019.

Address: 318 N PRESTON ST
State: PA
City: Philadelphia
County: PHILADELPHIA
Zip Code: 19104
Neighborhood: West Powelton
MLS#: PAPH823316
MLS Area:
Taxes: $175

Price History

Date Price Event Change MLS#:
8/12/2019 $1,090,000 List Price PAPH823316

Assigned School Zones

  • Elementary School:
  • Middle School:
  • High School:West Philadelphia

Nearby Schools

Philadelphia Elwyn Institute(K-8)
Montessori Genesis Ii School(Preschool-4)
St Ignatius Of Loyola(Preschool-8)
Faith Connection Christian Academy(Preschool-12)
The Islamic Education School -Ties(Preschool-8)
Belmont Charter School(1-8)
Penn Alexander School(K-8)
Philadelphia Elwyn Institute(K-8)
St Ignatius Of Loyola(Preschool-8)
Faith Connection Christian Academy(Preschool-12)
The Islamic Education School -Ties(Preschool-8)
Belmont Charter School(1-8)
Penn Alexander School(K-8)
Paul Robeson High School For Human Services(9-12)4
Faith Connection Christian Academy(Preschool-12)
West Philadelphia Catholic High School(9-12)3

Interior Details

  • Appliances:
  • Features:
  • Furnished:
  • Floor Type:
  • Cooling:Central A/C
  • Heating:Central
  • Fuel:Natural Gas
  • Extras:2+ Access Exits,36"+ wide Halls,Doors - Lever Handle(s)
  • Other Rooms:20

Exterior Details

  • Home Construction
  • Features:
  • Exposure:
  • Roof Type:
  • Garage Spaces:
  • Pool:No
  • Utilities:
  • Lot Description:
  • Lot Size:16.8x100
  • Sewer:No Septic System

Community Details

Rental Information

  • Rental Income:$0
  • Rental Number:0
  • Directions:Between Powelton and Baring St. on Preston. Steps from Penn Presbyterian

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Property Information Last Updated: 12/19/2018 4:17:56 PM
Listing Courtesy of Real Broker LLC


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