531 E Indiana Avenue

PHILADELPHIA, PA 19134

  • 0 Bed(s)
  • 0 Bath(s)
  • 2,322 Sqft
  • 918
    Sqft(Lot)
$334,888

Description

Kensington quarters: it is my distinguished honor to present to you kensington quarters, located in the heart of kensington, close to fishtown, norris square, olde kensington, and other subsections of the riverwards along the delaware river. situated at the intersecting sections between kensington ave, lehigh ave, & e. allegheny ave, this 5 unit building nestled in between public transportation infrastructure, medical institutions, new construction, and commercial mixed use corridors with a multitude of amenities. 4 of the 5 units are occupied and we are interviewing tenants for the 5th unit. the pro-forma and other financial analysis are available for review. the lease agreements are month-to-month and we project rental income could be increased. unit 1 [1st floor]: studio: $600/month | unit 2 [1st floor]: 1 bed/1 bath: $600/month | unit 3 [2nd floor]: studio: $750/month | unit 4 [2nd floor]: 1 bed/1 bath: $700/month | unit 5 [3rd floor]: 2 bed/1 bath: $950/month capitalization rate: kensington quarters has a capitalization rate of 11.13% with current rental income of $3,650 per month. package deal: this property is to be sold separately or together in a package deal with 626 e. allegheny ave., a duplex listed for $169,000 & 3154 reach st., a duplex listed for $125,000. 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.

  • Property Type

    Multi-Family

  • County

    PHILADELPHIA

  • Style

    AirLite

  • AD ID

    49154226

Sell a home like this and save $19,594 Find Out How

Statistics Bottom Ads 1
Google Ads

Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Roof : Flat

    Roofing Information

    • Flat

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Central
    • Cooling Fuel: Electric
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1920
    • Structure: End of Row/Townhouse
    • New Construction: No
    • Total Units: 4
    • Built: 1920
    • Construction Material: Masonry
    • Roof: Flat
    • Foundation/Basement: Concrete Perimeter
    • Architecture: AirLite
    • Pool/Private: No Pool
    • Roof Type: Flat

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 918
    • Dimensions: 18.00 x 51.00
    • Lot Size (Acres): 0.02
    • Architectural Style: AirLite
    • Main Square Feet: 918

    Property Information

    • SQ ft: 3,122
    • SQ ft (Living Area): 2,322
    • Total Lot SQ ft: 918
    • Financing: Conventional,Cash
    • Appx. Lot Dimensions: 18.00 x 51.00
    • Total Acreage: 0.02
    • New Construction: No
    • Type: AirLite

  • Listing Information

    • Possession: Immediate
    • Days Of Market: 5

  • Tax Information

    • Annual Tax: $2,042
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • Immediate

    Assessment Information

    • Taxes Assessment Amount: $145,900

  • Parking Information

    • Parking Type: None

    Multi-Unit Information

    • Acceptable Financing: Conventional,Cash
    • Roof: Flat

    Homeowners Association Information

    • Direction: 531 E. Indiana St

  • School Information

    • School District: THE SCHOOL DISTRICT OF PHILADELPHIA

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Electric
    • Hot Water: Natural Gas

    Location Information

    • Direction: 531 E. Indiana St
Statistics Bottom Ads 2
Google Ads
Sidebar Ads 1
Google Sidebar Ads
Learn More about this Property
Message allows only 500 character
Sidebar Ads 2
Google Sidebar Ads
Sidebar Ads 2
Google Sidebar Ads

Data provided by Bright MLS. Property information is for the users personal, non-commercial use. Information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties that appear on the website may no longer be for sale, and may be under contract or sold. ©2025 Bright MLS, All Rights Reserved. Information is reliable but not guaranteed.

BuyOwner last updated this listing 04/05/2025 @ 03:59

  • MLS: PAPH2439226
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is for sale, it has 2,322 sqft, 918 sized lot, and 0 parking. are nearby neighborhoods.