1,064 SqFt
1,064 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,064 sqft
Price per Sqft $111
Lot Size 708 Sqft
MLS Listing ID PAPH2464362
Financing Cash,Conventional
Style AirLite
Subdivision Kensington
Total Units 2
Short Sale No
Originating MLS BRIGHT
Property Description
Unit 1 [1st Floor]: 1 Bed | 1 Bath: $800/month |
Unit 2 [2nd Floor]: 2 Bed/1 Bath: $800/month
CAPITALIZATION RATE: Kensington Quarters has a capitalization rate of 14.75% with current rental income of $1,600 per month.
PACKAGE DEAL: This property is to be SOLD separately or together in a package deal with the 2 properties:
(1) 531 E. Indiana Ave, 5 Unit Building listed for $335,000.
(2) 626 E. Allegheney AVe., 2 Unit Building listed for $169,000.
The portfolio includes 9 units in 3 buildings FOR SALE.
Together, there are 9 units in 3 buildings for sale. DEVELOPMENT: There are major development projects occurring nearby, including commercial mixed use corridor revitalization of Kensington Ave, which has commercial storefronts underneath the Blue Train line. There are also block developments of major projects that range from 15 unit development to 200 unit development nearby. Investors also acquire shells, factories, storage facilities, warehouses, and other industrial hubs that have laid vacant since the Industrial Revolution of Philadelphia and transform these buildings into multi-unit dwellings and apartment complexes. The combination of public transportation infrastructure meets commercial mixed use corridors allow for tenants to access amenities that makes this multi-unit building a highly desirable and easy to rent building. Projects such as the Hagert Block development, Kensington Courts, Allegheny Ave. commercial development, and other major projects will lead the way to a new Kensington.
QUALIFIED OPPORTUNITY ZONE: This property is located within a Qualified Opportunity Zone, allowing investor capital gains tax advantages, which will exacerbate development and investments in these areas. Additional features include: - Easy Parking - Close to trolley, bus stops, the thoroughfares, L Blue Train - Multicultural cuisine & food establishment - Close proximity to Fishtown, Norris Square, Olde Kensington, Port Richmond, and other subsections of the Riverwards. Invest in the City of Brotherly Love & Sisterly Affection, from monstrous skyscrapers, to the stadiums, to the Delaware River, & surrounding landscape of the great City of Philadelphia. The property is close to trolley and bus stops, and less than 10 minutes from the Philadelphia International Airport. and close to multi-modal public transportation, 1-95 highway, and highways to New Jersey and other parts of the Tri-State Counties. We thank you for your consideration and we look forward to doing business with you. We will ensure a professional and respectful transaction for all parties and we wish you luck in the search for your new home in the City of Brotherly Love & Sisterly Affection.
Location
State PA
County Philadelphia
Area 19134 (19134)
Zoning RSA5
Rooms
Basement Unfinished
Interior
Hot Water None
Heating Hot Water
Cooling Central A/C
Flooring Luxury Vinyl Plank
Fireplace N
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Waterfront N
Water Access N
Roof Type Rubber,Flat
Accessibility None
Parking Type On Street
Building
New Construction N
Foundation Brick/Mortar
Lot Dimensions 14.00 x 50.00
Sewer Public Sewer
Water Public
Architectural Style AirLite
Additional Building Above Grade, Below Grade
Schools
School District The School District Of Philadelphia
Others
Tax Amount $356
Tax Year 2025
Tax ID 331313100
Ownership Fee Simple
SqFt Source 1064
Acceptable Financing Cash, Conventional
Special Sale Standard
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Advisor | yjnn 4444789