318 N PRESTON ST Philadelphia, PA 19104 open house
open house





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Key Details

Property Type: Multi-Family, Townhouse

Sub Type: Interior Row/Townhouse

Listing Status: Active

Purchase Type: For Sale

Square Footage: 2,300 sqft

Price per Sqft: $312

Lot Size: 1,742 Sqft

Year Built: 2020

MLS Listing ID: PAPH823316

Style: Contemporary

Subdivision: West Powelton

Total Units: 2

Short Sale: No


Originating MLS: BRIGHT

Property Description

BRAND NEW CONSTRUCTION HASSLE-FREE INVESTMENT PROPERTY! Welcome to this brand new rarely offered new construction at 318 N. Preston St. Nestled in the heart of University City, this 3 story, 2 unit (Units 1 & 2), 6 bedroom, 5 bathroom design-centric property is the perfect, clean low maintenance home with new ten-year tax abatement in an Economic Opportunity Zone. Located right off the bike lane and tree-lined Powelton Ave, this duplex is steps from Penn Presbyterian Medical center, University of Pennsylvania, Drexel University, Wharton, 40th St. SEPTA train station, bars, restaurants, and of course Green Line Cafe. Approaching from the street, you'll find yourself right at home upon seeing the clean white brick and sleek black metal facade. As you walk in, find yourself transported into luxury with your acacia hardwood floors and large efficient Pella Proline windows throughout. Floor to ceiling windows in your main-floor master bedroom invite light into an already brightly designed home. This open concept floorplan with tall ceilings offers a stunning line of sight from the cozy dining nook, to the lounge-worthy living room, both of which are visible from the stunning kitchen. Inside your chefs kitchen you'll be making dinner in style on your crisp Calacatta Lazza quartz countertops, accentuated by white soft-close cabinet drawers, stainless-steel appliances, and a striking black and white, designer tile backsplash. Included is the home chefs favorite, a gas stove and kitchen island with plenty of cabinet space. The open floor plan offers ample space for eating, lounging, and entertaining. Not to mention the private, fenced backyard perfect for those backyard BBQs and all your entertaining needs. All three full baths come equipped with clean subway tiles, gorgeous slate flooring, designer lighting and Calacatta Lazza quartz vanities, bringing continuity and style to the entire unit. Waterful showerheads create a luxury bathing experience and accent the expert craftsmanship in these high-design baths. The first floor bedroom is drenched in light and overlooks the private fenced yard. In the private sanctuary of your garden level you will have three private bedrooms and spacious closets. Even more convenient, your in-unit laundry room makes getting those chores done a breeze. This smart home is equipped with sprinklers, fire alarm service, a video doorbell, and a Nest Learning thermostats. Feel at home here knowing you are walkable to work, fun, and friends with a certified Walker's Paradise designated Walk Score of 93. This property is located in UPenn and Drexel security radius, adding to the carefree living. This high-end duplex with 6 spacious bedrooms and 5 luxurious bathrooms will prove to be an incredible investment for years to come. This is for the sale of Units 1 and 2 which gives the new owner control over the in place HOA association which helps with the operating expenses of the whole building. Rent comps from $900+ per bedroom on the same block, 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 on 41st and Market. Includes a 10-year tax abatement. Also located in UPenn and Drexel's home purchasing assistance zone. Agent has a financial interest in the property


State: PA

County: Philadelphia

Area: 19104 (19104)



Basement: Windows,Poured Concrete,Improved,Heated,Fully Finished


Hot Water: Electric

Heating: Central

Cooling: Central A/C

Heat Source: Natural Gas


Waterfront: N

Water Access: N

Accessibility: 2+ Access Exits,36\"+ wide Halls,Doors - Lever Handle(s)

Porch: Patio(s)

Parking Type: On Street

Garage: N


Foundation: Slab

Lot Dimensions: 16.8x100

Sewer: No Septic System

Water: Public

Additional Building: Above Grade

New Construction: Y


High Schools: West Philadelphia

School District: The School District Of Philadelphia


Tax Amount: $175

Tax Year: 2018


Ownership: Fee Simple

SqFt Source: Estimated

Special Sale: Standard

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    Teresa Repetto Real Broker, LLC
    Teresa Repetto

    Agent License ID: PA RS225481L

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