PA > Philadelphia
Philadelphia, PA 19107,1223 SPRUCE ST
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Philadelphia, PA 19107,1223 SPRUCE ST
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Susan Mangigian

Susan Mangigian

+1(610) 325-4100
$ 1,500,000
Est. payment /mo
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Under Contract

1223 SPRUCE ST Philadelphia, PA 19107

3,455 SqFt

UPDATED:

10/09/2024 07:12 PM

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

Bright MLS (BMLS)
Listed by Vasili G Barbounis • KW Empower

Susan Mangigian

Agent | RMPREF-RS152252A

+1(610) 325-4100

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