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Introducing an 🌟exceptional🌟 investment opportunity in the â¤ï¸heartâ¤ï¸ of Philadelphia! This 12-unit property at 1701-3 N 20th St is now being offered for $1.4 million, featuring an impressive 💰cap rate of 7.27% and outstanding income potential. ðŸ¢ðŸ¡ 🢠Property Highlights 🢠🡠Mix of 5 studios, 1 (1BR/1BR), 3 (2BR/1BR), 2 (3BR/1BR), and 2 (4BR/2BR), with the 4-bedroom units rented by the room for maximum returns. 🌟 Strong rental performance with only 2 vacancies currently. 🚀 Fantastic cash flow opportunity with plenty of room for future growth. ðŸ™ï¸ Situated near top universities, public transportation, and abundant amenities. 💰 Financials 💰 Current Gross Annual Rental Income: 💵$135,732💵 Monthly Rental Income: 💵$11,311💵 (with 2 vacancies). Expenses: 💼 Estimated at 25% of income, totaling 💼$33,933 annually. Net Operating Income (NOI): 💲$101,799 per year. Cap Rate: 🦠7.27%. 🚀 Unlock the Potential 🚀 This property is fully functional and already generating strong income, but there's significant room to grow! 🛠ï¸âœ¨ With below-market rents and cosmetic upgrades, you can further enhance the building's appeal and increase rental income. Whether you're experienced or new to investing, this property offers long-term upside. 🌆 Location Highlights 🌆 Nestled in a thriving Philadelphia neighborhood, this property is close to everything tenants desire: 🛒 Supermarkets like Aldi and H Mart. 🔠An abundance of restaurants, cafes, and bars. 🌳 Parks and green spaces for outdoor relaxation. 🎓 Minutes from Temple University and other top schools. 🚇 Convenient public transit access for easy commutes. 🎓 Perfect for Students and Professionals 🎓 The versatile mix of unit sizes makes this property ideal for students 📚, young professionals 💼, and families alike. The neighborhood's amenities and high rental demand ensure steady occupancy and reliable cash flow. 🌟 Don't Miss Out! 🌟 At just $1.4 million, this is a steal with a 7.27% cap rate and plenty of upside potential. Whether you're looking to add to your portfolio or make your first multi-unit investment, this is a rare opportunity you don't want to miss. Contact me today to schedule a tour! 📞📆
Property Type(s):
Commercial
| Last Updated | 12/19/2024 | Year Built | 1915 |
|---|---|---|---|
| Community | 19121 (19121) | County | PHILADELPHIA |
SCHOOLS
| School District | THE SCHOOL DISTRICT OF PHILADELPHIA |
|---|
Price History
| Prior to Jul 18, '24 | $1,400,000 |
|---|---|
| Jul 18, '24 - Dec 19, '24 | $1,600,000 |
| Dec 19, '24 - Today | $1,400,000 |
Additional Details
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19121 (19121) |
| HEAT | Central, Electric |
| LOT | 3485 sq ft |
| PARKING | On Street |
| STORIES | 3 |
| TAXES | 11273 |
| WATER | Public |
Location
Listing provided by KW Empower
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2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 4/19/25 8:13 AM PDT
This IDX solution is (c) Diverse Solutions 2025.
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