2220 Delancey St Philadelphia, PA 19103

This exceptional 5-unit apartment building, located at 2220 Delancey Street in Philadelphia's desirable Fitler Square neighborhood, presents a compelling investment opportunity. The property, a beautifully renovated three-story brownstone built in 1900, boasts a total of 3,105 square feet on a 1,621 square foot lot (APN 88-1527715). The unit mix includes one studio and four one-bedroom apartments, each featuring recent upgrades such as stainless steel appliances, subway tile backsplashes, white shaker cabinetry, and upgraded showers. These modern amenities are seamlessly integrated with the building's historic charm. The property's strategic location offers unparalleled access to major highways (I-76, I-676, and I-95), placing tenants within easy reach of Center City and University City, home to major employers like Comcast, Aramark, and the University of Pennsylvania Health System. Residents also enjoy proximity to Rittenhouse Square, Fitler Square, and the Schuylkill River Trail, providing abundant green space. The strong tenant base benefits from a vibrant neighborhood with numerous restaurants, coffee shops, and nightlife options. This turnkey investment offers a 6.00% pro-forma cap rate and is priced at $1,300,000 ($260,000 per unit). The property is zoned RM-1. This is a rare opportunity to acquire a high-performing asset in a thriving Philadelphia location.