811 N Preston St
Listing Notes
Fully Turnkey, Fully Occupied Multi-Family Investment in 19104 with Value-Add Potential! Welcome to 811 N. Preston Street, an exceptional, fully stabilized 3-unit building offering immediate cash flow in the high-demand Belmont/Mantua area. Completely rehabbed from top to bottom in 2020, this cash-producing asset seamlessly blends modern updates with a highly functional layout. The property features three spacious, self-contained units-each configured with 2 comfortable bedrooms, 1 full bathroom, and the ultimate tenant convenience: a dedicated in-unit washer and dryer. Every unit showcases the quality of the 2020 renovation, featuring durable contemporary flooring, updated kitchens and bathrooms, individual climate control with central air, and an abundance of natural light. Peace of mind comes standard here: all three units are currently occupied, allowing you to collect rent from day one. One of the units features a reliable, long-term tenant, adding a layer of immediate stability to your investment. Looking to maximize your returns? The property includes a full, unfinished basement that offers incredible value-add potential. With the proper zoning variance, this expansive lower level could potentially host a fourth unit to significantly boost your gross rental income. Location is a major driver for consistent tenant demand! This property positions your tenants just minutes from the booming University City district, offering seamless access to Drexel University, the University of Pennsylvania, and Penn Presbyterian Medical Center. Commuting is effortless with excellent public transit options, nearby bike lanes, and proximity to the Lancaster Avenue trolley lines. Skip the headache of renovations and tenant tracking-this one is ready to go with room to grow. Schedule your tour today and add a stabilized West Philly gem to your balance sheet!
Price in context
Cheaper than 25% of the 24 homes listed nearby right now, which run $250,000 to $620,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 3849 Mount Vernon St | $250,000 | 2 bd · 1.5 ba |
| 4625 Pine St Apt F102 | $275,000 | 2 bd · 1 ba |
| 2916 W Girard Ave | $275,000 | 3 bd · 2 ba |
| 657 N May Pl | $289,000 | 3 bd · 2 ba |
| 870-00 N 28th St Unit 103 | $289,900 | 1 bd · 1 ba |
| 533 N 33rd St | $329,000 | 4 bd · 2.5 ba |
| 5018 W Thompson St | $329,500 | — |
| 3120 Haverford Ave | $339,999 | 4 bd · 2 ba |
| 4125 Woodland Ave | $349,000 | 6 bd · 2 ba |
| 4127 Woodland Ave | $349,000 | 7 bd · 3 ba |
| 4129 Woodland Ave | $349,000 | 7 bd · 2 ba |
| 3219 Mount Vernon St | $349,900 | 5 bd · 2 ba |
| 148 N 52nd St | $350,000 | — |
| 4217 Chestnut St Unit 205 | $369,900 | 2 bd · 2 ba |
| 5114 Ranstead St | $379,900 | 4 bd · 3.5 ba |
| 4325 Aspen St | $385,000 | 7 bd · 2 ba |
| 4038 Green St | $399,900 | 5 bd · 2.5 ba |
| 4438 Ludlow St | $425,000 | 3 bd · 2.5 ba |
| 3221 Haverford Ave | $540,000 | 5 bd · 2.5 ba |
| 1222 N Myrtlewood St | $549,900 | 4 bd · 2.5 ba |
| 842 N 28th St | $575,000 | 2 bd · 1.5 ba |
| 2918 Cambridge St | $595,000 | 4 bd · 1.5 ba |
| 305 N 41st St | $610,000 | — |
| 3041 W Harper St | $620,000 | 3 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more