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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.

Features
0
: Masonry
N
: Electric
: Electric
: Natural gas
0
N
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N
MLS Addon
KW Empower
Vasili G Barbounis
Annually
Annually
1700001130306
THE SCHOOL DISTRICT OF PHILADELPHIA
0 Acre
3,445 Acre
0
0 Acre
No
: Standard
$11,674
2023
CMX1
: Public Sewer
: Public
Apartment Building,Hotel/Motel,Other/General Retail
Commercial Features
0 Acre

Commercial Sale

1223 SPRUCE STREET, PHILADELPHIA, Pennsylvania 19107

0.04 Acre
$1,500,000
Listing ID #PAPH2208200
Basic Details
Property Type : Commercial Sale
Listing Type : Residential Sale
Listing ID : PAPH2208200
Price : $1,500,000
Year Built : 1880
Lot Size : 0.04 Acre
State : PA
County : PHILADELPHIA
City : PHILADELPHIA
Zipcode : 19107
Status : ACTIVE
Subdivision Name : WASHINGTON SQ WEST
Property Sub Type : Five Or More Units
Price Per SQFT : $435
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