$591,000
$599,990
1.5%For more information regarding the value of a property, please contact us for a free consultation.
1650 N 5TH ST Philadelphia, PA 19122
2,400 SqFt
Key Details
Sold Price $591,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $246
Subdivision South Kensington
MLS Listing ID PAPH2056544
Sold Date 05/16/22
Style Traditional,Unit/Flat,Straight Thru
HOA Y/N N
Abv Grd Liv Area 2,400
Originating Board BRIGHT
Year Built 2020
Tax Year 2022
Property Description
Investor Special with 6.89% CAP rate on a 1.5 year young Condo Duplex at N5 SQUARE in South Kensington. Add to your Investor Portfolio this Duplex that is loaded with quality finishes tenants desire. N5 Square was built in 2019 in Booming South Kensington/ Fishtown area, that offers 61 NEW CONSTRUCTION Homes & Commercial Shops, built by Riverwards Group. Construciton on the community completed in mid 2020. Across the Street Riverwards Group is building 155 units called Avenue V, and there are lots and lots of other developments happening here. Ask us how you can pay $0 Real Estate Taxes with the KOZ benefits through 2024 and then you will still have discounted taxes from the remaining years on the Tax Abatement!!! It's conveniently located to Frankford & Girard Ave, El station, East of Temple University, Luna Cafe', Sutton's Bar, Poe's Sandwich Joint, ReAnimator Coffee, State-Side Vodka, La Colombe Coffee, Suraya, Fishtown Market and many more Fabulous Restaurants & Hot Spots. Minutes to Public Transportation, 95, Northern Liberties, Frankford-Girard corridor. Units feature Hardwood Floors, Gourmet Kitchen with Granite Counter tops & Stainless Steel Appliances, Recess Lighting throughout, & Ceiling Fans, In Unit Laundry, Private Patio, Porch, and Private Roof Deck. We can get new tenants for unit 1 (the 1 bedroom unit) at $1,495/month or New Owner can purchase the duplex & occupy unit 1 on their own. Unit 2 is occupied by great tenants for $2200/month through 4/30/2022 with a rental increase of 5% for 5/1. This is part of a PUD with monthly fees of $208.59/month, which is the 2503.08, operating expense. Air Bnb is NOT allowed in this community.
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Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning IMX
Rooms
Basement Fully Finished, Poured Concrete
Interior
Interior Features Ceiling Fan(s), Kitchen - Eat-In, Recessed Lighting, Upgraded Countertops, Wood Floors
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Hardwood, Partially Carpeted
Equipment Energy Efficient Appliances, ENERGY STAR Clothes Washer, ENERGY STAR Dishwasher, ENERGY STAR Freezer, ENERGY STAR Refrigerator
Appliance Energy Efficient Appliances, ENERGY STAR Clothes Washer, ENERGY STAR Dishwasher, ENERGY STAR Freezer, ENERGY STAR Refrigerator
Heat Source Natural Gas
Exterior
Exterior Feature Balcony, Porch(es), Roof, Deck(s)
Utilities Available Cable TV Available, Electric Available, Natural Gas Available
Water Access N
View City
Roof Type Fiberglass
Accessibility None
Porch Balcony, Porch(es), Roof, Deck(s)
Garage N
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Traditional, Unit/Flat, Straight Thru
Additional Building Above Grade
Structure Type 9'+ Ceilings
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 183172950
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Greg Barnaby • Compass RE