1214 N 5TH ST

We are offering a downpayment assistance program: $5,000 in closing cost, $500 for appraisal, and $500 for Home Warranty through Motto Mortgage Expert Solutions. Delivered turnkey for an investor looking for ROI & income property located No-Libs adjacent, this is an excellent opportunity to own a Quadplex boasting approximately 3270 SQ FT. Also, great opportunity for an owner-occupant to reside in one unit and have the rental income pay for your mortgage. RM-1 Zoning. The building is comprised of 4 residential units, which are 2 units that are 2 bedrooms & 1 bathroom & 2 units which are 1 bedroom & 1 bathroom. On the first floor, there are 2 units, one located in the front & one located in the rear of the building. The first-floor front is a 1 bedroom & 1 bathroom unit. 1 Rear is 3-story, 2 bedrooms & 1 bathroom unit that is compromised on the 1st, 2nd & 3rd floors at the rear of the building. Located on the 2nd floor, there is 1 bedroom & 1 bathroom recently updated unit. There is a common coin-operated laundry on the second floor for all occupants to utilize and generates extra income. On the 3rd floor, there is a 2 bedroom & 1 bathroom. All units have been maintained and offer, recessed lighting, ceiling fans, hardwood floors, gas range, refrigerators & dishwashers. All units are separately metered for electricity and there is a common electric meter. There are 4 hot water heaters. Pride of ownership is evident throughout. The unfinished basement is accessible from the first-floor hallway and provides additional storage space. The added convenience of breezeway & large rear yard. The property is being sold in As-Is Condition. The property qualifies for CRA financing with 3% down & no mortgage insurance for added savings. Buyer needs to do their own due diligence to verify the zoning. Super easy access to shopping, coffee shops, restaurants & bars, in Northern Liberties, Fishtown & Olde Kensington. Easy access to public transportation & located in close proximity to the Girard Ave line. Walker's paradise at 95, Excellent Transit Score at 75 & Very Bikeable at 77.