1223 Spruce Street, Philadelphia, PA 19107-5976 $1,500,000
With Pending Contract
Interior Sq. Ft: 3,455
Acreage: 0.04
Age:144 years
Taxes: $11,674
Design/Type:
Other
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.
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Natural Gas, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
None
Exterior
Masonry
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Public Elementary (125 schools)
Public Middle (24 schools)
Public High (61 schools)
Private (84 schools)
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This report is a detailed community overview for Philadelphia (19107), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 25
- Average salary of people in this community: $67,689
Community Summary
- Population Density (ppl / mile): 26,443
- Household Size (ppl): 1.69
- Households w/ Children: 13%
Housing Inventory
- Owned: 1,575 (17.8%)
- Rented: 6,100 (69.1%)
- Vacant: 1,154 (13.1%)
- Total: 8,829
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 4.5%
- Some High School: 5.0%
- High School Graduate: 10.4%
- Some College: 8.9%
- Associate Degree: 4.6%
- Bachelor's Degree: 32.4%
- Graduate Degree: 34.2%
Income by dollar range
Median Income: $57,735
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $1,053
- One Bedroom: $1,441
- Two Bedroom: $1,936
- Three Bedroom: $1,784
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-285-5104
Listing Courtesy of: KW Empower , vicki@kwempower.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 11/01/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.