New Construction
Address
1946 N 5Th Street, Philadelphia, PA
Price
$ 549,500
Property Attributes
- MLS#PAPH2342552
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19122
- NeighborhoodSouth Kensington
- Zip19122
- StyleBi-level
- Year Built2023
- Taxes$ 3451
- Price$ 549,500
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,307 SqFt
Data Source:
Bright MLS
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.
| Price History | |
|---|---|
| 4/17/2024 | Listed $549,500 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | Settlement |
| Zoning | RSA5 |
| Architectural Style | Bi-level |
| Construction Materials | Masonry |
| Year Built | 2023 |
| Property SubType | Duplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | Yes |
| Property Type | Multi-Family |
| Subdivision Name | SOUTH KENSINGTON |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | Google maps |
| ModificationTimestamp | 2024-05-18T08:02:50 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 3 |
| MLS Area | 19122 (19122) |
| Lot Size Square Feet | 1200.00 |
| Tax Assessed Value | 246600.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 3 |
| Street Name | 5TH |
| Tax Annual Amount | 3451.0 |
| Property Condition | Excellent |
| Structure Type | End of Row/Townhouse |
| One Bedroom Units Count | 1 |
| Price Per Sq Ft Total | 282.96 |
| Construction Completed Y/N | Yes |
| Vacation Rental Y/N | No |
| Total SQFT | 1942 |
| Days on Market | 32 |
| Lease Type | Gross,Ground Lease |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 65 |
| Total Actual Rent | 47400.00 |
| Cap Rate | 8.50 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Basement | Full |
| Hot Water | Natural Gas |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
| Three Bedroom Units Count | 1 |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Inclusions | All appliances |
| Type of Parking | On Street |
| Land Use Code | C51 |
| Foundation Details | Brick/Mortar |
| Water View Y/N | No |
| Lot Dimensions | 16.00 x 79.00 |
| Lot Size Acres | 0.03 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 49320.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19122
Price
Taxes
Visits
Year Built
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