1701-3 N 20th St , Philadelphia, PA 19121
Philadelphia, PA 19121
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! ????
Details
| MLS# | PAPH2372810 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 205 |
| Listing Provided By | KW Empower | Justin Jarrell James |
Features
| SQ Feet | 8,800 |
|---|---|
| Zoning | RSA5 |
| Acreage | 0.08 |
Market Activity 19121
Request a showing
Request a showing
Contact
Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19121 |
| Area | 19121 |
| School District | The School District Of Philadelp |
| Listing VS Median (in 19121) | |
Price: $1,400,000 low | high Med: $20,000 SqFt: 8,800 low | high Med: 1,604 $ / SqFt: $159 low | high Med: $12 On Site: 205 low | high Med: 4321.000000 | |
