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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

Listed by Ryan McManus • Keller Williams Liberty Place

$2,270,000

Est. payment - /mo

1,360 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Rittenhouse Square

MLS Listing ID PAPH2451242

Year Built 1817

Available Date 2025-03-09

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 Five Or More Units

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

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 881569610

Ownership Fee Simple

Special Listing Condition Standard

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Nearby School & Business

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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2020 LOCUST ST Philadelphia, PA 19103

Doug Strickland

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information