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MLS #: PAPH823316
Price: $725,000
Total Units: 2
One Bedrooms: 0
Two Bedrooms: 3
Three Bedrooms: 0
Status: ACTIVE
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Property Details Features at a Glance Action Items
Type: Interior Row/To
Style: Contemporary
Total Units: 2
Year Built: 2020
Lot Acreage: 0.04
Subdivision: WEST POWELTON
City, State, Zip: PHILADELPHIA, PA, 19104
  • Zoning: RSA5 W/ 3 UNIT VARIANCE
  • Windows, Poured Concrete, Improved, Heated, Fully Finished Basement
  • Disabled Features
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Neighborhood Info
Open HouseUpcoming Open Houses
Jan 9, 2021 - 11:00 AM - 2:00 PM
Jan 10, 2021 - 11:00 AM - 2:00 PM
Jan 16, 2021 - 11:00 AM - 2:00 PM
Jan 17, 2021 - 11:00 AM - 2:00 PM
Comments: 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 and a builder warranty by the craftsmen at GRIT Construction. Designed by KJO Architects in Fishtown. Also located in UPenn and Drexel's home purchasing assistance zone. Agent has a financial interest in the property
Financial Considerations
Taxes: $175.00  
Multi-Family Interior
Efficiencies: 0 Number of Singles: 0
Number of One Bedrooms: 0 Number of Two Bedrooms: 3
Number of Three Bedrooms: 0 Number of Levels: 3
Number of Fireplaces: 0  
Multi-Family Heating/Cooling/Water
Heating System: Central Heating Fuel: Natural Gas
Cooling System: Central A/C Cooling Fuel: Electric
Water System: Public Hot Water: Electric
Multi-Family Exterior
Lot Acreage: 0.04 Construction: Brick Veneer
Parking: On Street Sewer/Septic: No Septic System
Basement: Windows, Poured Concrete, Improved, Heated, Fully Finished  
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Listing Courtesy Of
Listing Agent: Glen Gomez- Meade Gomez-Meade
Listing Office: Real Broker, LLC

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These figures are ESTIMATES only, NOT A GUARANTEE, and are SUBJECT TO CHANGE. If you misenter your information, the payment information will remain empty.