1223 SPRUCE ST Under Contract Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19107
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,455 sqft
Price per Sqft $434
MLS Listing ID PAPH2208230
Style Other
Abv Grd Liv Area 3,455
Originating Board BRIGHT
Year Built 1880
Annual Tax Amount $11,674
Tax Year 2023
Lot Size 1,927 Sqft
Acres 0.04
Lot Dimensions 22.00 x 89.00
Property 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.
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX1
Interior
Hot Water Natural Gas
Heating Other
Cooling Other
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881518600
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard