7 photos
$229,500
645 N Preston St
Philadelphia, PA 19104
Mr. Derek Greene, The Greene Realty Group · (888) 278-5840
What the listing says
Location, Location, Location: Investor Special in Powelton Village / University City Full Rehab Opportunity, Gutted out shell ready for rehab. Exceptional value-add opportunity in the highly sought-after Powelton Village neighborhood, located in the heart of University City. This spacious property (approx. 2,100 sq ft) has been fully gutted and is ready for a complete renovation offering a blank canvas for investors, developers, or owner-occupants looking to customize from the ground up. This property is just steps from Drexel University and minutes to the University of Pennsylvania, CHOP, and Penn Medicine. The location provides strong, consistent rental demand from students, faculty, and medical professionals, making it ideal for a flip, rental hold, or potential multi-unit conversion to triplex ( quad needs to be verified by zoning and use). Conveniently located near Lancaster Avenue s retail and dining corridor, public transportation including SEPTA trolley lines, and with easy access to 30th Street Station and Center City Philadelphia. The neighborhood continues to see steady appreciation, with renovated comparable properties. owner financing may be available for the experienced investors
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Multi-Family
Lot Size
1,247 sq ft
HOA
None
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Questions about owner financing in Philadelphia
What is owner financing for 645 N Preston St?
Owner financing means the seller of 645 N Preston St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Philadelphia, PA home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Philadelphia home?
There is no standard down payment. The seller of this Philadelphia home sets their own, and it is negotiable. Ask the seller or their agent.