626 E Allegheny Ave, Philadelphia, PA 19134

It is my distinguished honor to present to you Kensington Duplex, 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 2 unit building nestled in between public transportation infrastructure, medical institutions, new construction, and commercial mixed use corridors with a multitude of amenities. 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. nnUnit 1 [1st Floor]: 1 Bed/1 Baths: $700/monthnUnit 2 [2nd Floor]: 2 Bed/1 Bath: $900/month nnCAPITALIZATION RATE: Kensington Duplex has a capitalization rate of 7.30% with current rental income of $1,500 per month. The cap rate could increase to 10.02% if rental income was increased by $100/month to $1,700/month with minor increases on each rental unit. Cap rates could increase to 11.62% if you reduce the monthly gas operating expense by installing electric baseboards or allocate utility costs to the tenants. nnPACKAGE DEAL: This property is to be SOLD separately or together in a package deal with the 2 properties:n(1) 531 E. Indiana Ave, 5 Unit Building listed for $335,000.n(2) 3154 Reach St., 2 Unit Building listed for $119,000. n The portfolio includes 9 units in 3 buildings FOR SALE.nnDEVELOPMENT: There are major development pr