Description
Welcome to 1923 N. 20th Street, a beautifully renovated, income-producing property just blocks from Broad Street and Temple University! This turnkey investment is currently generating $3,200 per month from two fully rented 2-bedroom, 2-bathroom apartments, with an additional vacant studio offering the potential to rent for $800–$1,000 per month, bringing the projected gross rental income to approximately $4,000 per month. Offering approximately 2,300 square feet, the property has been completely renovated with modern finishes and features separate utilities, including 3 water heaters, 2 gas meters, and separate electrical service for each unit, with the studio being all-electric. The property also offers two central air HVAC systems serving the main apartments. Currently zoned RSA-5 Residential, the owner is actively pursuing official multifamily zoning approval with the City of Philadelphia. Whether you're looking for a turnkey investment or an owner-occupant opportunity with strong rental income, this exceptional property offers outstanding cash flow potential, low-maintenance living, and a prime location near Temple University, public transportation, shopping, dining, and major roadways. Plans and permits are available upon request.
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5BEDS
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0.04ACRES
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3BATHS
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01/2 BATHS
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2,300SQFT
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$196$/SQFT
Description
Welcome to 1923 N. 20th Street, a beautifully renovated, income-producing property just blocks from Broad Street and Temple University! This turnkey investment is currently generating $3,200 per month from two fully rented 2-bedroom, 2-bathroom apartments, with an additional vacant studio offering the potential to rent for $800–$1,000 per month, bringing the projected gross rental income to approximately $4,000 per month. Offering approximately 2,300 square feet, the property has been completely renovated with modern finishes and features separate utilities, including 3 water heaters, 2 gas meters, and separate electrical service for each unit, with the studio being all-electric. The property also offers two central air HVAC systems serving the main apartments. Currently zoned RSA-5 Residential, the owner is actively pursuing official multifamily zoning approval with the City of Philadelphia. Whether you're looking for a turnkey investment or an owner-occupant opportunity with strong rental income, this exceptional property offers outstanding cash flow potential, low-maintenance living, and a prime location near Temple University, public transportation, shopping, dining, and major roadways. Plans and permits are available upon request.
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