2120 Walnut StPhiladelphia, PA 19103

This exceptional mixed-use property, located at 2120 Walnut Street in Philadelphia, PA 19103, presents a compelling value-add investment opportunity. Situated in the highly desirable Rittenhouse Square neighborhood, this five-story building boasts 7,000-7,500 square feet on a 3,100 square foot lot. The property features eight units: two studios, one one-bedroom, and three two-bedroom apartments, along with two ground floor/mezzanine commercial spaces. Three off-street parking spaces are also included. Currently generating a NOI of $125,000 and a 4.31% cap rate, this property offers significant upside potential due to below-market rents. The RMX-3 zoning allows for various development options. This location provides easy access to premier dining, shopping, and the vibrant energy of downtown Philadelphia. The building's strategic placement within a rapidly developing area, with new residential projects underway, ensures continued growth and increased foot traffic. This is an ideal investment for those seeking to capitalize on the strong rental market and enhance the property's value. The asking price is $2,900,000.