Philadelphia, PA 19139,5036 SPRUCE ST
Philadelphia, PA 19139,5036 SPRUCE ST
Philadelphia, PA 19139,5036 SPRUCE ST
Philadelphia, PA 19139,5036 SPRUCE ST
Philadelphia, PA 19139,5036 SPRUCE ST
Philadelphia, PA 19139,5036 SPRUCE ST
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$230,000

$299,000

23.1%
Est.Price: ?

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Est. payment /mo

3,300 SqFt


SOLD DATE : 05/06/2024

Key Details

Sold Price $230,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 3,300 sqft

Price per Sqft $69

Subdivision Walnut Hill

MLS Listing ID PAPH2316190

Sold Date 05/06/24

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $5,392

Tax Year 2023

Lot Size 2,180 Sqft

Acres 0.05

Property Description

Here presented to you is an opportunity to acquire a value-add investment! The building is currently set up as 6 units in the heart of University City, an ideal prospective to add to your rental portfolio. Just minutes away from the University of Pennsylvania and Drexel University, this property offers a unique opportunity to tap into the thriving student rental market. This prime location serves as a magnet for students in search of convenient and comfortable housing. The building itself spans 3 floors including the basement and attic. 3,300 Sq/Ft above grade on a 2,180 Sq/Ft lot with a 20 Ft frontage! Each unit is currently set up as a studio and 4 out of the 6 units are occupied by non-paying tenants. Ripe for upgrading rents with renovation there is upside potential. You can increase the property value and enjoy the benefits of a wise investment. The seller makes no representation on zoning or rentability and has priced property to reflect current condition.

This property is located in close proximity to the bustling Baltimore Ave where you can find all types of shops and restaurants. For coffee enthusiasts you have ReAnimator coffee and Knock Box coffee located a short walk away. Some near by restaurants include Loco Pez, Abyssinia, Saads Halal and many more. There are also two parks in very close proximity which are Malcom X Memorial Park and Ben Barkan Park for those who enjoy the outdoors.

This location boasts a walk score of 89 indicating that most errands can be accomplished by foot. It scored a 75 for transit showing their are plenty of options for public transportation nearby. Lastly this property has a bike score of 95 which shows the neighborhood has a great bike infrastructure. The property is being sold "AS-IS" and the buyer must verify zoning.

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning RSA3

Interior

Hot Water Natural Gas

Heating Other

Cooling Other

Heat Source Other

Exterior

Water Access N

View Street

Accessibility Other

Garage N

Building

Lot Description Rear Yard

Sewer Public Septic

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 881215516

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Financing Cash,Conventional,Other

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Maria Maria Quattrone Quattrone • RE/MAX @ HOME
Bought with Maria Maria Quattrone Quattrone • RE/MAX @ HOME
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980 Mercantile Dr, Hanover, MD, 21076, United States

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