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    2020 Locust Street

    PHILADELPHIA, PA 19103
    • $2,250,000
    • STATUS: Active Under Contract
    • ON SITE: 102 days
    • ID#: PAPH913266
    Under Contract
    UPDATED: 57 min ago
    $2,250,000
    • 0
      BEDS
    • 0.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1889
    County:

    School Ratings & Info

    Description

    Introducing 2020 Locust, a turnkey investment property located in the most desirable area of Philadelphia, Rittenhouse Square. Irreplaceable location: just 1 block west of the park, this coveted address features five (5) totally renovated residential apartments (fully leased) plus one (1) bonus suite for additional rental income with dedicated lower level entrance on Latimer Street. A commercial tenant in good standing occupies the 1st floor, with a recently renewed lease. There are two (2) studios, two (2) 1 bedrooms, and one (1) deluxe 2 bedroom apartment spanning the entire 4th floor with a rooftop terrace overlooking the park and downtown Philly skyline. Several units have their own laundry and there is additional common laundry in the corridor. High efficiency HVAC and building systems. Tremendous curb appeal, historic architecture, hardwood floors, contemporary fixtures, finishes and features throughout. Virtual tour coming soon. Fully occupied boutique multifamily building. 48 hour notice to show. MAKE YOUR MOVE!

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. 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. Data last updated: 2020-10-20T15:52:55.42.
    www.execuhome.com/homes/107676944
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    2020 Locust Street PHILADELPHIA, PA 19103

    • Price: $2,250,000
    • Status: Active Under Contract
    • Updated: 57 min ago
    • ID#: PAPH913266
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.03
    Acres
    1889
    Built
    Neighborhood:
    Rittenhouse Square
    County:
    Philadelphia
    Area:
    19103 (19103)
    School District:
    The School District Of Philadelphia
    Property Description
    Introducing 2020 Locust, a turnkey investment property located in the most desirable area of Philadelphia, Rittenhouse Square. Irreplaceable location: just 1 block west of the park, this coveted address features five (5) totally renovated residential apartments (fully leased) plus one (1) bonus suite for additional rental income with dedicated lower level entrance on Latimer Street. A commercial tenant in good standing occupies the 1st floor, with a recently renewed lease. There are two (2) studios, two (2) 1 bedrooms, and one (1) deluxe 2 bedroom apartment spanning the entire 4th floor with a rooftop terrace overlooking the park and downtown Philly skyline. Several units have their own laundry and there is additional common laundry in the corridor. High efficiency HVAC and building systems. Tremendous curb appeal, historic architecture, hardwood floors, contemporary fixtures, finishes and features throughout. Virtual tour coming soon. Fully occupied boutique multifamily building. 48 hour notice to show. MAKE YOUR MOVE!
    Exterior Features

    Construction Materials Brick Garage YN No Location Type Downtown Parking Types None Property Condition Excellent Riparian Rights YN No Roof FiberglassRubber View CityPark/Greenbelt Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 4000.00 Cooling Ductless/Mini-Split Flooring Hardwood Heating Central Heating YN Yes Net Square Feet 4000.00

    Property Features

    Accessibility Features None Annual Gross Expense 44891.00 Assessment Year 2020 Association YN No Business Type Apartment BuildingHair Salon And Spa Central Air YN No Cooling Fuel Natural Gas Cross Street 20TH STREET Gross Income 168000.00 Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Philadelphia Insurance Expense 4000.00 Navigable Water YN N Net Operating Income 123000.00 New Construction YN No Number Of Units Total 6 Operating Expense Includes InsuranceRepair/MaintenanceOtherHeating/CoolingAdvertisingManagement FeesWater Original MLSNumber 304200431818 Owner Pays Accounting/LegalAdvertising/Licenses And PermitsInsuranceHeater Maintenance ContractManagementMiscellaneousPayrollRepairsSuppliesTaxes - Real EstateOther Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public SewerPublic Septic Tax Annual Amount 11353.00 Tax Assessment Amount 811030.00 Tax Lot 162 Total Actual Rent 134000.00 Vacation Rental YN No Water Source Public Year Built Effective 2018 Zoning Rm1

    Listing courtesy of Compass Pennsylvania, Llc.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. 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. Data last updated: 2020-10-20T15:52:55.42.
     
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