Introducing an amazing investment opportunity in the ❤️heart❤️ of Philadelphia! This 12-unit property, located at 1701-3 N 20th St, offers an attractive cap rate of approximately 6.39% based on its purchase price of $1.6 million. Property Highlights Mix of 1-2 and 4 bedroom units Potential for increased rental income Fantastic cash flow opportunity ️ Proximity to top universities and public transportation Financials With this purchase price, the property offers an annual income of approximately $136,392 with total expenses of $34,098. This results in a net operating income of around $102,294 per year, contributing to the appealing cap rate. Unlock the Potential While the property needs some cosmetic upgrades and minor repairs, it is still a fantastic investment opportunity with enormous potential. ️✨ By investing in these upgrades, you can transform this property into a highly desirable rental for tenants. Fully Occupied Potential If fully occupied, the gross rental income could reach $174,288 with the expenses at roughly $43,572. This suggests a potential net operating income of around $130,716 per year. which would put this property at a 8.17 % Cap rate at a 1.6 M purchase price. Location, Location, Location Located in a vibrant and bustling area of Philadelphia, tenants will have plenty of nearby shopping , grocery options , and other amenities to choose from. The area is home to several supermarkets , including Aldi and H Mart, and boasts a wide range of restaurants , cafes ☕, and bars . There are also several parks and green spaces nearby for outdoor activities . Perfect for Students and Young Professionals The property's proximity to top universities, including Temple University and Drexel University , and its easy access to public transportation make it an ideal choice for students and young professionals . The neighborhood is a lively and bustling area of the city, offering something for everyone. If you're looking for a property with enormous potential that offers strong cash flow and room for growth, this is an excellent choice. Contact me today to schedule a viewing and see the potential for yourself!