2020 Locust St - Apartments FOR SALE


Philadelphia, PA 19103- Fitler Square
$2,290,000 USD
610-606-1095
2020 Locust St, Philadelphia, PA for Sale
$2,290,000 USD
Apartments - FOR SALE
1/54
null | Request Cap Rate

2020 Locust St
Philadelphia, PA 19103
Fitler Square


HIGHLIGHTS

  • GENERATIONAL REAL ESTATE ACQUISITION OPPORTUNITY
  • 1.5 BLOCKS TO RITTENHOUSE SQUARE PARK — MOST DESIRABLE LOCATION IN PHILLY
  • TURNKEY RENOVATED PROPERTY

OVERVIEW

2020 Locust Street in Rittenhouse Square represents a generational real estate acquisition opportunity to purchase a blue-chip multifamily building in an irreplaceable location — 1.5 blocks to Rittenhouse Square Park— the most esteemed neighborhood in Philadelphia, Pennsylvania. This seven (7) unit apartment building is a turnkey investment. PRIME CENTRAL REAL ESTATE. The Property consists of 4,000 SF with 1 commercial space, 3 studios, 2 1bds, + 1 2bd residence with a private rooftop terrace overlooking Rittenhouse Square and Center City. Renovated in 2017 with hardwood floors, contemporary kitchens and baths, laundry, upgraded HVAC + more. 2020 Locust is an irreplaceable commercial real estate investment in the top destination in the world to visit in 2026 (WSJ) — Philadelphia, Pennsylvania. Philly currently ranks as a Top-5 submarket for rent growth, boosted by stable, consistent demand from the "Eds & Meds" economy driven by Chop, Penn, HUP, Drexel, Schuylkill Yards, Science Center, Comcast, Aramark, Jefferson and other world-class employers, health and education systems. Enquire within for rent roll, T12, floorplans.

FOR SALE DETAILS

PRICE

$2,290,000 USD

PRICE/SF

$571 USD /SF

# OF UNITS

7

PRICE/UNIT

$327,143

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rittenhouse Square Boutique Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1817

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

rm1

APN/PARCEL ID

881569610

ASK ABOUT THIS PROPERTY

Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.