734 S 20th St,PHILADELPHIA, PA 19146
PHILADELPHIA, PA 19146
Description
Prime Five-Unit Corner Apartment Building in the Heart of Graduate Hospital, Center City PhiladelphiaAvailable for the first time in over 30 years, this exceptional corner property is located at 20th and Clymer Streets.Each apartment has separately metered utilities (except hot and cold water). The building currently generates $71,220 in gross annual income and $52532.40 in net annual income, with a cap rate of 6.57%. Current rents are below market, and the property's true value-add lies in its existing five-unit rental license and premier corner location,Additional property features include vinyl double-pane insulated windows, gas boilers in four of the five apartments, and a coin-operated washer and dryer. Half of the roof was replaced approximately two years ago, and the entire exterior has been freshly painted. All units are equipped with air conditioning. Many units have been updated with engineered wood flooring.The apartments are compact-ranging from approximately 325 to 475 sq. ft. each-and are designed for single occupancy, resulting in less wear and tear on the building.Graduate Hospital is celebrated for its vibrant community, outstanding walkability, and proximity to premier restaurants, shops, parks, and major institutions.Property Highlights: Prime corner lot with excellent visibility Five apartments, each with separate utilities (except hot and cold water) Strong and steady rental income in a high-demand neighborhood Significant value in the existing five-unit rental license and development potential Walk Score: 97 - Walker's Paradise Transit Score: 100 - Rider's Paradise Bike Score: 85 - Very Bikeable (approximate, based on neighborhood)Located just steps from all that Center City has to offer-including Rittenhouse Square and the University of Pennsylvania-this is a rare investment opportunity in one of Philadelphia's most walkable and transit-accessible neighborhoods.
Details
| MLS # | PAPH2648398 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1900 |
| Days On Site | 85 |
| Listing Provided By | Best City Homes Inc | Richard B Moore |
Features
| Units | 5 |
|---|---|
| Zoning | RM1 |
| Acreage | 0.02 |
Interior
| Cooling | Wall Unit |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiator, Forced Air |
Exterior
| Roof | Asphalt |
|---|---|
| Construction Materials | Masonry |
| Foundation Details | Stone |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 6747 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19146 |
| Area | 19146 (19146) |
| Community Name | GRADUATE HOSPITAL |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in GRADUATE HOSPITAL) | |
Price: $799,500 low | high Med: $505,000 On site: 85 low | high Med: 25.5 | |
Market Activity 19146
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19146 |
| Area | 19146 (19146) |
| Community Name | GRADUATE HOSPITAL |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in GRADUATE HOSPITAL) | |
Price: $799,500 low | high Med: $505,000 On site: 85 low | high Med: 25.5 | |
