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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Ryan McManus • Keller Williams Liberty Place

$2,270,000

Est. payment - /mo

4,008 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,008 sqft

Price per Sqft $566

Subdivision Rittenhouse Square

MLS Listing ID PAPH2454236

Style Straight Thru

Abv Grd Liv Area 4,008

Year Built 1817

Annual Tax Amount $15,660

Tax Year 2024

Lot Size 1,360 Sqft

Acres 0.03

Lot Dimensions 1.00 x 1360.00

Property Sub-Type Other

Source BRIGHT

Property Description

2020 Locust Street in Rittenhouse Square represents a generational real estate acquisition opportunity to purchase a blue-chip multifamily building in an irreplaceable location — 1.5 blocks to Rittenhouse Square Park— the most esteemed neighborhood in Philadelphia, Pennsylvania. This seven (7) unit apartment building is a turnkey investment. PRIME CENTRAL REAL ESTATE. The Property consists of 4,000 SF with 1 commercial space, 3 studios, 2 1bds, + 1 2bd residence with a private rooftop terrace overlooking Rittenhouse Square and Center City. Renovated in 2017 with hardwood floors, contemporary kitchens and baths, laundry, upgraded HVAC + more. 2020 Locust is an irreplaceable commercial real estate investment in the top destination in the world to visit in 2026 (WSJ) — Philadelphia, Pennsylvania. Philly currently ranks as a Top-5 submarket for rent growth, boosted by stable, consistent demand from the "Eds & Meds" economy driven by Chop, Penn, HUP, Drexel, Schuylkill Yards, Science Center, Comcast, Aramark, Jefferson and other world-class employers, health and education systems. Enquire within for rent roll, T12, floorplans.

Location

State PA

County Philadelphia

Area 19103 (19103)

Zoning RM1

Interior

Hot Water Electric

Heating Other

Cooling Ductless/Mini-Split

Flooring Hardwood

Heat Source Electric

Exterior

Water Access N

View City, Park/Greenbelt, Panoramic

Roof Type Flat

Accessibility None

Garage N

Private Pool No

Building

Above Ground Finished SqFt 4008

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881569610

Ownership Fee Simple

SqFt Source 4008

Special Listing Condition Standard

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Nearby Locations

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland 20895, USA

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2020 LOCUST ST Philadelphia, PA 19103