An exquisite complex of 22 luxury townhomes in the heart of Philadelphia’s Northern Liberty neighborhood, The Courtyard at North Fifth Street is NRIA’s property of the week. From interior & exterior architecture to durability, these newly developed townhomes are the fine example of modern day dwellings.
Let’s find out what makes The Courtyard at North Fifth Street an absolute delight for dwellers, as well as investors.
Northern Liberties is one of the most sought after residential area in Philadelphia. This historic neighborhood has always been an ideal place to live. Plus its nearness from Center City and main employment zone of Philadelphia makes it all the more desirable. This allows people to commute to work easily while living in a peaceful place.
Also Check: Crease Court Townhomes Complex
Alluring Property Features
Each townhome of this refreshingly contemporary complex has living space between 2,560 and 2,600 square feet divided across 3 floors. Each unit has 3 bedrooms, 3.5 bathrooms, and a gourmet kitchen equipped with high-end stainless steel appliances and a granite countertop. Master suits have spa-like master baths, large walk-in closets, and private balconies. Each unit is also provided with a reserved off-street parking space.
Good Walk Score
The Courtyard at North Fifth Street will be a Walker’s Paradise, as the nearest restaurant, coffee shop, bar, grocery store, transit store, and other public amenities are located with quarter of a mile from the property. The complex has a walk score of 90. This again reflects NRIA’s expertise in developing residential properties in the best locations.
Eye-catching Investment Property
The Courtyard at North Fifth Street is as much eye-catching for investors as much for dwellers. NRIA’s well-thought-out plan will let investors enjoy high returns on their investment, whether through rental benefits or equity profit. Following table illustrates the financial benefits associated with The Courtyard at North Fifth Street townhomes.
|Average building cost*||$378,481|
|Average appraised value||$623,047|
|Average equity profit||$244,567|
|Average monthly rental cash-in income||$2,404|
|Average monthly cash-out flow||$2,306|
|Average positive cash flow per month||$98|
|Average monthly principal pay down of mortgage||$487|
|Average rent benefit per month||$585|
|Annual net rent benefit for first year||$7,030|
* All figures are closest round value to actual average value
If you too want to enjoy sheer benefits on your real estate investment, then partner with NRIA for your next property purchase