1701 N 20th St Philadelphia, PA 19121
12-unit property near universities with strong income potential.
Type:Multifamily
- Added:
- Mar 27, 2023
- Days on Market:
- 1121
- Last Refresh:
- Mar 17 at 1:23 pm
Property Features for 1701 N 20th St
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1915
Listing agent Jarrell James License #RS345750
Listing office KW Empower
Listing date Mar 27, 2023
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of KW Empower
Overview
Philadelphia Multifamily Investment Opportunity
Located in Philadelphia, this property at 1701-3 N 20th St features 12 units, comprising a mix of 5 studios, 1 one-bedroom, 3 two-bedroom, and 2 three-bedroom units, along with 2 four-bedroom units. The four-bedroom units are rented by the room. The property is currently generating income, with only 2 vacancies. The gross annual rental income is $135,732, with a monthly rental income of $11,311. The net operating income is $101,799 per year, resulting in a cap rate of 7.27%. Situated in a thriving neighborhood, the property is near supermarkets such as Aldi and H Mart, an abundance of restaurants, cafes, and bars, parks and green spaces, and has convenient public transit access. It is also located minutes from Temple University and other schools. The property is suitable for students, young professionals, and families, with the neighborhood's amenities supporting steady occupancy.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duran's Mini Market
Grocery & Convenience Store
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Delaware
- State
- Pennsylvania
- Longitude
- -75.1779898
- Latitude
- 39.9303724
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 12-unit property near universities with strong income potential.
Where is this apartment building located?
The property is located at 1701 N 20th St Philadelphia, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: High 7.27% Cap Rate, indicating strong income potential.; Significant Cash Flow Opportunity with a Net Operating Income (NOI) of $101,799 per year.; Mix of unit sizes caters to a diverse tenant base.
