1650 N 5TH ST Philadelphia, PA 19122

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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