804 N Preston St , Philadelphia, PA 19104
Philadelphia, PA 19104
Description
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
| MLS# | PAPH2256978 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 422 |
| Listing Provided By | Realty ONE Group Focus | Shaheedah A Tinsley-Cobbs |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,005 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | RM1 |
| Acreage | 0.03 |
Market Activity 19104
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Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19104 |
| Area | 19104 |
| Community Name | Mantua |
| School District | The School District Of Philadelp |
| Listing VS Median (in Mantua) | |
Price: $245,000 low | high Med: $2,550 SqFt: 2,005 low | high Med: 2,205 $ / SqFt: $122 low | high Med: $1 On Site: 422 low | high Med: 35.500000 | |
