1223 Spruce STREET
1223 Spruce STREET
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1223 Spruce STREET
1223 Spruce STREET
Pending

1223 Spruce STREET

1223 Spruce St, Philadelphia, PA 19107

$1,500,000
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.

4
beds

3,455 Sq.Ft. LIVING AREA

1,927 Sq.Ft. lot

Vasili Barbounis

Vasili Barbounis

Features & Amenities

Interior

  • total bedrooms4

Area & Lot

  • Status Pending
  • Living Area3,455 Sq.Ft.
  • Lot Area1,927 Sq.Ft.
  • MLS® IDPAPH2208230
  • TypeMulti-Family
  • YEAR BUILT1880
  • NeighborhoodWashington Square
  • Architecture StylesOther
  • School DistrictTHE SCHOOL DISTRICT OF PHILADELPHIA

Exterior

  • water SourcePublic
  • HEAT TYPENatural Gas
  • sewerPublic Sewer

Financial

  • Sales Price$1,500,000
  • Real Estate Tax $11,674/yr
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Thank you for your interest in 1223 Spruce St, Philadelphia, PA 19107. We are reviewing your request and will be in touch shortly!

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