1223 Spruce STREET

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.