• 5 Units
• Unknown Sq Ft
• 1,028 Sq Ft
• Unknown Cap Rate

Description

Prime Five-Unit Corner Apartment Building in the Heart of Graduate Hospital, Center City Philadelphia
Available for the first time in over 30 years, this exceptional five-unit corner property is located at 20th and Clymer Streets in the highly desirable Graduate Hospital neighborhood of Center City Philadelphia.
Each apartment has separately metered utilities (except hot and cold water). The building currently generates over $69,000 in gross annual income and over $50,000 in net annual income, with a cap rate of 6.32%. Current rents are below market, and the property’s true value-add lies in its existing five-unit rental license and premier corner location, which provide a new owner with the ability, by right, to demolish the current structure and replace it with a four-story condominium building.
Additional property features include vinyl double-pane insulated windows, gas boilers in four of the five apartments, and a coin-operated washer and dryer. Half of the roof was replaced approximately two years ago, and the entire exterior has been freshly painted. All units are equipped with air conditioning. Many units have been updated with engineered wood flooring.
The apartments are compact—ranging from approximately 325 to 475 sq. ft. each—and are designed for single occupancy, resulting in less wear and tear on the building.
Graduate Hospital is celebrated for its vibrant community, outstanding walkability, and proximity to premier restaurants, shops, parks, and major institutions.
Property Highlights:
• Prime corner lot with excellent visibility
• Five apartments, each with separate utilities (except hot and cold water)
• Strong and steady rental income in a high-demand neighborhood
• Significant value in the existing five-unit rental license and development potential
• Walk Score: 97 — Walker’s Paradise
• Transit Score: 100 — Rider’s Paradise
• Bike Score: 85 — Very Bikeable (approximate, based on neighborhood)
Located just steps from all that Center City has to offer—including Rittenhouse Square and the University of Pennsylvania—this is a rare investment opportunity in one of Philadelphia’s most walkable and transit-accessible neighborhoods.