Pending

1223 Spruce St

Philadelphia PA, 19107

$1,500,000


$434.15 per sqft

Pending

4 Beds

3,455 sqft

Multi-family

Built in 1880

WASHINGTON SQUARE WEST :: Premier Location :: 5 Unit Multi-Family :: Zoned CMX-1 :: Rare Opportunity :: This circa 1880's converted estate home is an ideal value -add to your portfolio. Many original features are still intact while featuring high ceilings, large windows providing abundant natural light, ideal floorplans within a premier location! Potential tenants flow from 2 medical schools (Jefferson & UPENN's Pennsylvania Hospital systems), professional employment centers (Financial & Law Office corridor) , U of the Arts and hubs for public transit (both major subway lines, bus routes, trolleys and biking lanes). Walk & Transit Score of 100 & a Bike score of 91! In addition, this property has untapped potential for even more interior square footage in the basement, on the 4th floor (currently a double height living space) & the rear of the building for expansion on the second & third floors, vastly increasing value and income. Property is maintained with recent upgrades to the heating system, new hot water heaters, new windows where needed. Currently fully occupied and a proforma with all income & expenses, and other details is attached. Please reach out for further information & details.

PAPH2208230

MLS ID

February 28, 2023

Listed

December 10, 2024

Updated

Map

1223 Spruce St
Philadelphia PA, 19107

Interior Features

Bedrooms

4


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.04 Acres


Architectual Style

Other


Sewer

Public Sewer

School Information

School District

THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name

PHILADELPHIA


Taxes

$11,674


Tax Frequency

Annually


Days on Market

522


Garage

No


View

No


County

PHILADELPHIA


Water Source

Public


Pool

No

Listing History

Date

Event

Price

12/10/2024

Pending

8/2/2024

Under contract

Listed by KW Empower
Listing Contact: 2154391002 

The IDX display contains information sourced from the Bright MLS, Inc. as of 12/10/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 12/10/2024 at 3:58 PM UTC

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