$1,500,000 $8,052 est/mo Sourced by Back At You

1223 Spruce St,Philadelphia, PA 19107

Philadelphia PA, 19107

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Description

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.

Details

MLS#PAPH2208230
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1880
Days On Site475
Listing Provided ByKW Empower | Vasili G Barbounis
Buying Commision2.5% Of
Listing Commission2 $

Features

SQ Feet3,455
ZoningCMX1
Acreage0.04

Market Activity 19107

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Learn More About This Property

StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19107
Area19107
School DistrictThe School District Of Philadelp
Listing VS Median (in 19107)
Price:
$1,500,000
low | high
Med:
$2,731
100% of Average
SqFt:
3,455
low | high
Med:
925
100% of Average
$ / SqFt:
$434
low | high
Med:
$3
100% of Average
On Site:
475
low | high
Med:
19.000000
100% of Average
Sourced by Back At You
Listing Updated: May 26, 2024 at 12:56:08 PM PDT