$3,000,000
( $250.00Per Sq Foot )
 $16,105 est/mo Sourced by Back At You

2020-22 N 22nd St,PHILADELPHIA, PA 19121

PHILADELPHIA, PA 19121

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Description

PRIME INVESTMENT OPPORTUNITY - TURN-KEY 2-YEAR-OLD NEW CONSTRUCTION 15-UNIT MULTIFAMILY BUILDINGRARE OPPORTUNITY TO ACQUIRE A MODERN, HIGH-QUALITY NEW CONSTRUCTION MULTIFAMILY ASSET DELIVERING STRONG IMMEDIATE CASH FLOW AND LONG-TERM UPSIDE. THIS 2-YEAR-OLD, 15-UNIT BUILDING IS APPROXIMATELY 100% LEASED WITH 15 UNITS CURRENTLY RENTED, PROVIDING STABLE AND CONSISTENT INCOME FROM DAY ONE.THE PROPERTY BENEFITS FROM A 10-YEAR TAX ABATEMENT WITH APPROXIMATELY $2,750 IN ANNUAL REAL ESTATE TAXES, SIGNIFICANTLY REDUCING OPERATING EXPENSES AND ENHANCING NET CASH FLOW. THE BUILDING FEATURES A DESIRABLE UNIT MIX OF STUDIOS, ONE-BEDROOM, AND TWO-BEDROOM APARTMENTS WITH HIGH-END FINISHES THROUGHOUT, INCLUDING QUARTZ COUNTERTOPS, STAINLESS STEEL APPLIANCES, CUSTOM TILE BATHS, AND IN-UNIT LAUNDRY.ADDITIONAL FEATURES INCLUDE ENERGY-EFFICIENT SYSTEMS, FULL SPRINKLER SYSTEM, SEPARATE UTILITIES, SECURE ENTRY, AND CAMERA SYSTEMS, RESULTING IN LOW MAINTENANCE AND MINIMAL NEAR-TERM CAPITAL EXPENDITURES. STRONG RENTAL DEMAND SUPPORTS TOP-OF-MARKET RENTS WITH POTENTIAL FOR FUTURE RENT GROWTH AND APPRECIATION.LOCATED IN A RAPIDLY DEVELOPING, HIGH-DEMAND RENTAL AREA SURROUNDED BY NEW CONSTRUCTION, UNIVERSITIES, MAJOR EMPLOYERS, AND PUBLIC TRANSPORTATION, THIS ASSET OFFERS BOTH IMMEDIATE INCOME AND LONG-TERM VALUE CREATION. IDEAL FOR 1031 EXCHANGE BUYERS, PORTFOLIO EXPANSION, OR INVESTORS SEEKING A STABILIZED, TURN-KEY MULTIFAMILY OPPORTUNITY.

Details

MLS #PAPH2569690
Listing TypeFor Sale
Sub-TypeNew Construction
StatusActive-bright
Year2023
Days On Site300
Listing Provided ByHomeSmart Realty Advisors | Gazi Ataseven

Features

ZoningRM1
Acreage0.06

Interior

CoolingCentral A/C
Heating Yes / NoYes
Heating90% Forced Air

Exterior

Construction MaterialsBrick

Parking

Garage Yes / NoNo

Taxes

Tax Annual Amount178

Area Information

StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19121
Area19121 (19121)
School DistrictTHE SCHOOL DISTRICT OF PHILADELP
Listing VS Median (in 19121)
Price:
$3,000,000
low | high
Med:
$199,999
100% of Average
On site:
300
low | high
Med:
33
100% of Average
Sourced by Back At You

Market Activity 19121

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Additional Information

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Learn More About This Property

Clinton Polchan

Clinton Polchan

Class Harlan Real Estate

e-Pro (215) 519-7725clinton@classharlan.com
StatePA
CountyPHILADELPHIA PA
CityPHILADELPHIA
Zip Code19121
Area19121 (19121)
School DistrictTHE SCHOOL DISTRICT OF PHILADELP
Listing VS Median (in 19121)
Price:
$3,000,000
low | high
Med:
$199,999
100% of Average
On site:
300
low | high
Med:
33
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $2.25M - $3.75M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
2059 GLENWOOD AVE W Property Photo 1
$3,500,000
2059 Glenwood Ave W
Philadelphia, PA 19132
Listing Updated: October 22, 2026 at 7:48:16 AM PDT