1701 N 20th Street
Philadelphia, PA 19121
Listing provided courtesy of: KW Empower
Property Description
Introducing an 🌟exceptional🌟 investment opportunity in the ❤️heart❤️ 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. 🏢🏡
🏢 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.
🏙️ 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! 🛠️✨ 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! 📞📆
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Features:
Electric Water Heater Central Air Ceramic Tile, Laminate On Street Rubber Smoke Detector(s)
| Price: | $1,400,000 |
| Interior (SQFT): | 8,800 |
| Lot Size (SQFT): | 3,485 |
| Property Type: | Commercial Sale |
| Year Built: | 1915 |
Listing provided courtesy of: KW Empower. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Information is deemed reliable but not guaranteed. © 2025 by BRIGHT MLS. All rights reserved. Listing last updated on 05/12/2025 10:46:38
