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218 S 20th St, Philadelphia, PA 19103

$1,999,000

  • For Sale
  • Active
  • Multi-Family
  • 3 Total Beds
  • Updated 10 days ago
218 S 20th St, Philadelphia, PA 19103 View this property at 218 S 20th St, Philadelphia, PA 19103
218 S 20th St Philadelphia PA 19103

Map & Location

Street View

Property Description

Fantastic rarely offered multi-use building on prime retail corridor, one half-block from Rittenhouse Square. This fully rented multi-unit shows great income from six units (approx. $98k net per year), and has been extensively renovated within the last few years. Building consists of one store front studio space with long-term tenant, four one-bedroom units, and one bi-level two-bedroom unit with large rear deck and laundry in unit. Commercial tenant has just signed a ten-year lease. Tenants pay electric and gas, which have been separated for all units. Numerous recent upgrades include new bathrooms in all five apartments, and new kitchens in four. Building has new roof (2015), six newer gas heaters (2010) and five new hot water
heaters (2014), and coin-operated laundry shared by four units. Great location ensures long-term rental potential for Center City professionals, Wharton, Drexel, and Univ. of Penn. students, staff and employees. Building is tenant-occupied and can only be shown Tuesdays and Fridays between noon - 5:00 PM with 24-hour notice. Listing Agent must accompany.

Full Property Details for 218 S 20th St

  • Price: $1,999,000
  • Taxes: $12,338 (2016)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 6877911
  • Updated: 11/29/2016
  • Added: 52 day(s) ago

Property History

  • 218 S 20th St, Philadelphia, PA
  • Reduced to $1,999,000 on 11/29/16
  • Listed at $2,190,000 on 10/19/16

Interior

  • Interior Features: Store/Office
  • Flooring: Wood, Fully Carpeted

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Common Laundry

Parking

  • Parking: Street

Location

  • Area: 19103
  • County: PHILADELPHIA
  • Subdivision: Rittenhouse Square
  • Cross Streets: CHANCELLOR
  • Driving Directions: On 20th St Midway between Walnut and Locust Sts.
  • Direction Faces: East

Heating & Cooling

  • Cooling Type: Wall Unit
  • Heating Type: Gas, Radiator
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Basement Desc.: Yes , Full, Fully Finished, Partially Finished
  • Foundation: Stone Foundation
  • Roof: Flat Roof
  • Entry Location: Common Entrance
  • Stories Description: Store and Residence
  • Square Feet: 4,688
  • Sq. Ft. Source: Assessor
  • Year Built: 1922
  • Property Condition: Average+Prop

Unit Information

  • Studio/Effic Units: 1
  • 1 Bedroom Units: 4
  • 2 Bedroom Units: 1

Unit 2

  • Bedrooms: 1

Unit 3

  • Bedrooms: 1

Unit 4

  • Bedrooms: 1

Unit 5

  • Partial Bathrooms: 1
  • Bedrooms: 2

Unit 6

  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,539
  • Lot Dimensions: 18.50 x 83.20
  • Zoning: RMX3

Financial Considerations

  • Tax Amount: $12,338
  • Tax Year: 2016

Disclosures and Reports

  • Ownership: Fee Simple
  • Exclusions: Washer And Dryer On 2nd Floor Are Leased

Listed by BHHS Fox & Roach-CC Rittenhouse Hotel

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Estimate the Cost

218 S 20th St will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

Nearby Schools

218 S 20th St, Philadelphia, PA 19103 (MLS# 6877911) is a Multi-Family property with 6 units containing 3 bedrooms, 3 full bathrooms and 1 partial bathroom. 218 S 20th St is currently listed for $1,999,000 and was received on October 19, 2016. Want to learn more about 218 S 20th St? Do you have questions about finding other Multi-Family real estate for sale in Philadelphia? You can browse all Philadelphia real estate or contact a Coldwell Banker agent to request more information.

Listed by BHHS Fox & Roach-CC Rittenhouse Hotel

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