Philadelphia, PA 19122,1650 N 5TH ST
Philadelphia, PA 19122,1650 N 5TH ST
Philadelphia, PA 19122,1650 N 5TH ST
$591,000
Est. payment /mo
$599,990
1.5%
Est.Price: ?

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2,400 SqFt
SOLD DATE : 05/16/2022

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

Waterfront N

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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Bright MLS (BMLS)
Listed by Julie L Hankins • Brent Celek Real Estate, LLC
Bought with Greg Barnaby • Compass RE

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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