1223 Spruce St , Philadelphia, PA 19107
Philadelphia, PA 19107
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 Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1880 |
| Days On Site | 561 |
| Listing Provided By | KW Empower | Vasili G Barbounis |
Features
| SQ Feet | 3,455 |
|---|---|
| Zoning | CMX1 |
| Acreage | 0.04 |
Market Activity 19107
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Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19107 |
| Area | 19107 |
| School District | The School District Of Philadelp |
| Listing VS Median (in 19107) | |
Price: $1,500,000 low | high Med: $2,800 SqFt: 3,455 low | high Med: 1,600 $ / SqFt: $434 low | high Med: $2 On Site: 561 low | high Med: 51.000000 | |
