$495,000
$524,900
5.7%For more information regarding the value of a property, please contact us for a free consultation.
1,942 SqFt
SOLD DATE : 10/15/2024
Key Details
Sold Price $495,000
Property Type Multi-Family
Sub Type End of Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,942 sqft
Price per Sqft $254
Subdivision South Kensington
MLS Listing ID PAPH2342552
Sold Date 10/15/24
Style Bi-level
Abv Grd Liv Area 1,942
Originating Board BRIGHT
Year Built 2023
Annual Tax Amount $3,451
Tax Year 2024
Lot Size 1,200 Sqft
Acres 0.03
Lot Dimensions 16.00 x 79.00
Property Description
Welcome to an exceptional investment opportunity at 1946 N 5th Street. This meticulously renovated multi-family duplex is perfect for an owner-occupant looking to house hack or an investor looking to add to their portfolio. The property features THREE sources for cash flow. There is a 1-bed/1-bath unit on the first floor, a 3-bed/2-bath unit on the second floor, and last but not least, the rear yard is leased for storage. The total combined rental income is $3,950 per month. Additionally, the basement is currently being used by the Landlord/Owner; continue to use it this way or possibly rent it out as storage to create additional income. The property benefits from the modern comforts of central air, all new stainless appliances, sleek design, and other modern amenities. Don't let this opportunity slip away; take advantage of this investment opportunity located in the South Kensington neighborhood. Whether you're an experienced investor or just entering the market, grasp this chance to acquire a profitable asset and schedule your showing today! Soon to be available 2055 N Franklin St is a similar duplex that can also be packaged with this property for a total of five (5) units. Both properties are certified lead free and have rental licenses in place for a truly turn key purchase.
Location
State PA
County Philadelphia
Area 19122 (19122)
Zoning RSA5
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Bi-level
Additional Building Above Grade, Below Grade
New Construction Y
Schools
School District The School District Of Philadelphia
Others
Tax ID 183419100
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Ben Hooson-Jones • KW Empower
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”