$ 250,000
-
$250,000
Price -
7
Bed -
0
Bath -
2,580
SqFt
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About the Listing KELWIL - 3182969
Located in the heart of Philadelphia’s booming University City neighborhood, this is an exceptional opportunity for investors, developers, and builders to capitalize on one of the city’s fastest-growing areas. Positioned along the highly visible Lancaster Avenue commercial corridor, the property offers incredible potential for redevelopment and long-term appreciation. There are so many new constructions on the block; come and be the next developer. The work has been made easy for you. The building has already been framed for a three-unit layout, featuring spacious two-bedroom units on the second and third floors. The first floor was previously approved for restaurant use, though buyers should verify the current status of any permits with the city. Surrounded by strong rental demand driven by students from Drexel University and the University of Pennsylvania, as well as young professionals, this location is primed for continued growth. The ongoing expansion of Schuylkill Yards is expected to further transform the area and increase property values for years to come. Whether you’re looking to develop 3 apartments or create a mixed-use investment property, this property presents endless possibilities in a rapidly appreciating market. No power in the building. So, please bring a flashlight with you. Don’t miss this rare investment opportunity — submit your offer today!
Listing Highlights
Status
Active
Days on Site
3
Property Type
Multi-Family
MLS ®
PAPH2621198
Year Built
1925
Total Square Footage
2,580
Lot/Acreage
0.03
County
Philadelphia
Neighborhood
University City
Area
19104 (19104)
School District
Philadelphia City
Interior Details
- Bedrooms: 7
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor: Rough-In
- Above Ground Sq Ft: 2580
- Below Ground Sq Ft: 0
- Basement: Interior Access,Walkout Stairs
- Other:
- Water: Public
Exterior Details
- Lot Description: Rear Yard,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 18.00 x 77.00
- Zoning: RM1
- Roof:
- Others: Sidewalks,Street Lights,Very Good
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $1,979
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
643 N Preston St Philadelphia, PA 19104
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