NOT LISTED FOR SALE

1650 N 5th St Philadelphia, PA 19122

Olde Kensington Neighborhood

Estimated Value: $520,000 - $982,000

-- Bed
-- Bath
2,400 Sq Ft
$296/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $591,000 $246 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,922/month

Highlights

  • New Construction
  • Deck
  • Wood Flooring
  • City View
  • Straight Thru Architecture
  • 4-minute walk to Cruz Park - Power 99 Parks & Rec

About This Home

As of May 2022

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.

Schedule your visit today!

Last Agent to Sell the Property

Julie Hankins

Vanguard Realty Associates License #RS287730 Listed on: 01/03/2022

Co-Listed By

Arlinda Marke

Brent Celek Real Estate, LLC License #RS349015

Last Buyer's Agent

Greg Barnaby

Compass RE

Compass RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,593

Year Built

  • Built in 2020 | New Construction

Lot Details

  • Corner Lot
  • Property is in excellent condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Straight Thru Architecture
  • Traditional Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,400 Sq Ft Home
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Recessed Lighting
  • City Views
  • ENERGY STAR Qualified Washer
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • ENERGY STAR Qualified Freezer
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Upgraded Countertops

Flooring

  • Wood
  • Partially Carpeted

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, management, miscellaneous, snow removal, trash collection
  • Assessor Parcel Number 183172950

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 4-Story Building
  • N5 Square Community
  • South Kensington Subdivision

Building Details

  • 1 Vacant Unit
  • Income includes apartment rentals
  • Insurance Expense $500
  • Operating Expense $2,503
  • Net Operating Income $41,337

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,593

Year Built

Built in 2020 | New Construction

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional, Unit/Flat, Straight Thru
  • Ownership: Fee Simple
  • Exclusions: Tenants Belongings
  • Home Warranty: No
  • Inclusions: Appliances As Is
  • New Construction: Yes
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: 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. Schedule your visit today!
  • Special Features: NewHome

Interior Features

  • Appliances: Energy Efficient Appliances, Energy Star Clothes Washer, Energy Star Dishwasher, Energy Star Freezer, Energy Star Refrigerator
  • Flooring Type: Hardwood, Partially Carpeted
  • Interior Amenities: Ceiling Fan(s), Kitchen - Eat-In, Recessed Lighting, Upgraded Countertops, Wood Floors
  • Wall Ceiling Types: 9'+ Ceilings
  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Fully Finished, Poured Concrete
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 250.00
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1650

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Roof: Fiberglass
  • Spa: No
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available
  • Water Source: Public
  • Municipal Trash: No
  • Internet Services: Cable, Fiber Optic

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Lot Info

  • Lot Size Units: Square Feet
  • Lot Sq Ft: 0.10
  • Outdoor Living Structures: Balcony, Porch(es), Roof, Deck(s)
  • Property Condition: Excellent
  • Zoning: IMX

Rental Info

  • Existing Lease Type: Yearly
  • Owner Pays: Common Area Maintenance, Insurance, Management, Miscellaneous, Snow Removal, Trash Collection
  • Rent Control: No
  • Total Actual Rent: 44340.00
  • Units Leased Count: 1
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 44340.00
  • Income Includes: Apartment Rentals
  • Operating Expense: 2503.08
  • Other Units: Unit 1,Unit 3

Tax Info

  • Assessor Parcel Number: 21941737
  • Assessor Parcel Number: 183172950
  • Tax Year: 2022
  • Close Date: 05/16/2022

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2022 05/16/22 Sold $591,000 -1.5% $246 / Sq Ft
02/05/2022 02/05/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $599,990 -- $250 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,593 $515,700 $515,700 --
2024 $1,593 $515,700 $515,700 --
2023 $1,593 $515,700 $515,700 --
2022 $1,593 $515,700 $0 $0
2021 $1,593 $0 $0 $0
2020 $1,593 $0 $0 $0
2019 $7,219 $0 $0 $0
2018 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julie Hankins

    Seller's Agent in 2022

    Julie Hankins

    Vanguard Realty Associates

    (484) 368-4558

    5 in this area

    43 Total Sales

    Julie Hankins
    Section Image

  • A

    Seller Co-Listing Agent in 2022

    Arlinda Marke

    Brent Celek Real Estate, LLC

    (347) 874-7719

    3 in this area

    4 Total Sales

    Arlinda Marke
    Section Image
  • Greg Barnaby

    Buyer's Agent in 2022

    Greg Barnaby

    Compass RE

    (484) 735-2806

    1 in this area

    75 Total Sales

    Greg Barnaby
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2056544

Bright MLS

APN: 183172950

Pennsylvania Philadelphia County Philadelphia 19122 Olde Kensington

1650 N 5th St, Philadelphia, PA

This home is located at 1650 N 5th St, Philadelphia, PA 19122 since 03 January 2022 and is currently estimated at $711,234, approximately $296 per square foot. This property was built in 2020. 1650 N 5th St is a home located in Philadelphia County with nearby schools including James R. Ludlow School, Penn Treaty School, and Al Aqsa Islamic Academy.

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