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 buildings appeal and increase rental income. Whether youre 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 neighborhoods amenities and high rental demand ensure steady occupancy and reliable cash flow. Dont Miss Out! At just $1.4 million, this is a steal with a 7.27% cap rate and plenty of upside potential. Whether youre looking to add to your portfolio or make your first multi-unit investment, this is a rare opportunity you dont want to miss. Contact me today to schedule a tour! ""
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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 buildings appeal and increase rental income. Whether youre 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 neighborhoods amenities and high rental demand ensure steady occupancy and reliable cash flow. Dont Miss Out! At just $1.4 million, this is a steal with a 7.27% cap rate and plenty of upside potential. Whether youre looking to add to your portfolio or make your first multi-unit investment, this is a rare opportunity you dont want to miss. Contact me today to schedule a tour! ""
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