INVESTORS ALERT! DO NOT MISS OUT ON THIS RARE INVESTMENT OPPORTUNITY! Located in Philadelphia’s historic district, at the corner of 20th and Brandywine, right off of Spring Garden, in the popular Art Museum area. This is a prime location that most investors wish they were invested in! The building was completely rehabbed in 2010, but more recently the two residential units (second and third floor) were remodeled to adapt a more modern look. The building is zoned CMX1 and consists of three units, which are all leased through 2021. The building cap-rate is accumulating profit! The gross unit area is 4,403.5 square feet, the first-floor unit is 1,200 square feet above ground, with a basement square footage of 1,135.4 totaling in 2,335.4, the second floor is 1,061.4 square feet, and the third floor is 1,006.7 square feet. On the first floor is a commercial unit, which is leased to a popular dog school in the area. The commercial unit can be accessed through its own door on the side of the building. The building also features a basement which is 70’ x 18’ that can be accessed by either the exterior bilco doors (located on the side of the building) or by a staircase located in the commercial unit. The basement is leased with the first floor as a storage space. The second floor consists of a two bedroom/two bath residential unit, and on the third floor is a one bedroom/one bath with 9-foot ceilings. Both residential units are furnished with fully equipped kitchens, washer/dryer, jacuzzi bathtubs and recently built decks. The residential units are styled as open space apartments with hardwood flooring and an abundant number of windows that allow for natural lighting. The two residential units share a common front door which leads to a hallway/staircase, which then leads to the individual units. All tenants have access to a storage unit which features its own door located behind the first-floor commercial unit. The building is just a five-minute walk to the Eastern State Penitentiary, a half mile walk to the Ben Franklin Parkway and The Philadelphia Art Museum, and in the vicinity of the most popular nightlife in the City of Philadelphia! The building has been well maintained by the current owner. The roof was replaced 10 years ago and has been silver coated every two years. The building is accumulating profit! If you are a savvy investor do not miss out on this amazing opportunity! Schedule your showing now!
Laura W. Waring SchoolElementary School
Laura W. Waring SchoolMiddle School
Benjamin FranklinHigh School