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! ????????
The income description goes here to explain
List Price | $1,400,000 |
Property Type | Multi-Family |
Usable Sqft | Unknown |
Number of Stories | 3 stories |
Parking Spots | 0 spots |
Year Built | 1915 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 881551183 |
MLS # | PAPH2372810 |
Property ID | 320637192 |
Lot Sqft | 3,482 |
Zoning | RSA5 |
Total Units | 12 |
Days on Market | 273 |
Original List Price | Unknown |
Date Updated | March 31, 2025 |
Date Created | July 02, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $136,392 | $0 |
Operating Expenses | $ 34,098 |
Net Income (Yr) | $ 102,294 |
Cap Rate | 6.39% |
Justin Jarrell James an agent of . Lic #RS345750
© 2025 Copyright BRIGHT, All Rights Reserved
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
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.
This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.
Information Deemed Reliable But Not Guaranteed
Robert Crawford
REAL ESTATE AGENT