Investor special. Amazing cap rate, and no speculation required. You know what you are getting with this one. Amazing opportunity for someone to start collecting right away. This property is legally zoned for 2 units, and owner has current rental licensees. Everything is up to code. No surprises. Property is ready for you. Owner netted $7000 last year after all expenses (including mortgage, maintenance calls, taxes, fees etc), but has recently relocated and moved out of the state. Great long-term tenants with renewed 12 month leases. Kitchens and Baths updated in 2011, as well as some new windows. Separate utilities with gas boilers and water heaters. See attachment for income statement. Showings only to the most serious buyers. Letter of intent contingent on showings preferred. The numbers speak for themselves. Call with questions or to discuss.
Off market
$254,800
2023 S 20th St, Philadelphia, PA 19145
--beds
--baths
1,630sqft
Apartment
Built in 1920
-- sqft lot
$-- Zestimate®
$156/sqft
$1,831 Estimated rent
What's special
Facts & features
Interior
Heating
- Other
Interior area
- Total interior livable area: 1,630 sqft
Property
Features
- Exterior features: Brick
- Has view: Yes
- View description: Territorial
Lot
- Size: 1,190 sqft
Details
- Parcel number: 481319700
Construction
Type & style
- Home type: Apartment
Condition
- Year built: 1920
Community & neighborhood
Location
- Region: Philadelphia