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