Views
Address
2020 Locust Street Philadelphia, PA
Price
$ 2,250,000
Property Attributes
  • MLS#PAPH913266
  • TypeCommercial
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19103
  • NeighborhoodRITTENHOUSE SQUARE
  • Zip19103
  • StyleApartment Building,Hair Salon and Spa
  • Year Built1889
  • Taxes11353
  • Price$ 2,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4000
  • Lot Size1,307 SqFt
Listing Provided Courtesy Of:
Compass Pennsylvania, LLC
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!

Price History
7/9/2020 Listed $2,250,000

General Features

Accessibility None
Business Type Apartment Building, Hair Salon and Spa
Construction Materials Brick
Cool Fuel Natural Gas
Cooling Ductless/Mini-Split
County PHILADELPHIA
Flooring Hardwood
Heating Central
Location Type Downtown
MLS Area 19103 (19103)
New Construction No
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 562.5
Property SubType Five Or More Units
Property Type Commercial Sale
Property Use Investment
PropertyCondition Excellent
Real Estate Owned Y/N No
Roof Fiberglass, Rubber
Sewer Public Sewer, Public Septic
Tax Year 2020
Total Units 6
Vacation Rental Y/N No
View City, Park/Greenbelt
Water Access Y/N No
Zoning RM1

Interior Features

Central Air Y/N No
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas

Exterior Features

Building Area Total 4000.00
Lot Dimensions 17 X 80
Lot Size Acres 0.03
Lot Size Source Assessor
Lot Size Square Feet 1360.00
Navigable Water Y/N No
Type of Parking None
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19103

Price
AVG $1.38M
$2.25M
Taxes
AVG $24,668
$11,353
Visits
AVG 27
26
Year Built
AVG 1895
1889

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