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Image 1 - 804 N Preston St, Philadelphia, Pennsylvania, 19104 - House for sale
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N Preston St, Philadelphia, Home For Sale
804 N Preston St, Philadelphia, Pennsylvania, 19104

N Preston St, Philadelphia, Home For Sale

house for sale
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Listed: 08/05/24

804 N Preston St, Philadelphia, Pennsylvania, 19104

5 Bed:
2,005 Sq Ft Living Area:
Save
Price
$ 245,000

About This House

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, 000to$800, 000post-renovation, this property presents an attractive opportunity for value-add investors in a developing Philadelphia neighborhood.

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Belmont Housing & Living

Household Income

Median household income: $46,116
Number of households: 608,233
The average household income in Philadelphia, PA grew from $39,759 to $46,116 in the past year. This data is an estimate based upon 608,233 households in Philadelphia, PA.
The chart below presents how household income is distributed in Philadelphia, PA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Philadelphia, PA compared to median property taxes around the country. The prevalent amount of property taxes in Philadelphia, PA equals $800-$1,500 , which is less than the national average.