$1,500,000
$1,550,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
1308 SPRUCE ST Philadelphia, PA 19107
5,150 SqFt
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,150 sqft
Price per Sqft $291
Subdivision Washington Sq West
MLS Listing ID PAPH2107900
Sold Date 07/27/22
Originating Board BRIGHT
Year Built 1860
Annual Tax Amount $15,011
Tax Year 2022
Lot Size 2,340 Sqft
Acres 0.05
Lot Dimensions 20.00 x 120.00
Property Description
Situated in Prime Center City location of Washington Square West & featuring 2-CAR PRIVATE PARKING, street to street from Spruce St to Cypress St, this Mix Use Building features an Office & 3 Residential Apartments. Pride of Ownership is evident throughout this well-maintained building whereby the current owners have updated all the units to modern standards. This is a rare opportunity to own this Prime Center City Brownstone building to add to your rental portfolio or excellent opportunity for an owner-occupant to reside in one unit and allow the monthly rental income to off-set the mortgage. CMX-2 Zoning. The building is comprised of a first-floor front office with 1 Bathroom, (1) 3 Bedrooms & 2 Bathrooms, (1) 1 Bedroom & 1 Bathroom and (1) 4 Bedrooms & 2 Bathrooms. Located on the first-floor front is 1F which is comprised of an office with 1 Bathroom & is currently rented for $962/month. In the rear of the building, is Unit 1R which is like a modern townhome compromised of 3 bedrooms & 2 bathrooms on 3 levels plus access to the rear yard, 1 car private parking & currently rented for $2520/month. On the 2nd floor front is unit 2 F, which is a very large 1 bedroom & 1 bathroom which includes 1 car parking and currently rented for $1583/month. On the 3rd floor is Unit 3F, which is 4 5 bedrooms & 2 bathrooms & rent will increase to $1854/month on June 1. All residential units are equipped with modern kitchens with Refrigerators, Dishwashers & Gas Range, updated & modern bathrooms, private laundry to include washer & dryer, hardwood floors & high ceilings with excellent natural sunlight. Turn-key operation with all separate utilities for each unit. Access to the basement with mechanicals and provides additional storage. Walkers Paradise with 100 score, Transit Score of 99 and Bike Score of 89 contributing to the ease of renting. Only moments to Broad St to access Center City or South to the stadiums & PATCO @ Locust St. Just moments to restaurants, such as Vetri Cucina, Mercato, coffee shops, Nearby parks include Seger Playground & dog park, Julian Abele Park and 1705 Rodman St. Park. This location provides super easy access to Center City, Midtown Village, Ave of the Arts Theaters & entertainment.
Location
State PA
County Philadelphia
Area 19107 (19107)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Central, Forced Air, Hot Water & Baseboard - Electric, Radiant
Cooling Central A/C, Ductless/Mini-Split, Wall Unit
Flooring Ceramic Tile, Wood
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway
Total Parking Spaces 2
Garage N
Building
Lot Description Rear Yard
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871508370
Ownership Fee Simple
SqFt Source Assessor
Security Features Fire Detection System
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Linda Cheng • Premium Realty Group Inc
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