$3,300,000

2134 Spruce St

PHILADELPHIA PA, 19103

Description

A chance to own a rare piece of history and an amazing passive income. PhillyLiving is proud to present the exclusive sale of 2134 Spruce Street, a historic gem built by famed architect Frank Furness during the 19th century. If you are looking for a lucrative investment opportunity in one of the hottest residential areas of Philadelphia, look no further than this 8-unit building in Fitler Square. The entire building is under one master lease for 3 years, starting in May 2020. It includes two studio units, two 2 bedroom units, and four 1 bedroom units. Units boast beautiful fireplaces, high-end finishes, skyline views, and a gorgeous shared private rear terrace/garden. This recently renovated 8-unit building is located in the quaint neighborhood of Fitler Square, steps away from Rittenhouse Square Park, Fitler Square Park, the Schuylkill River Trail, and some of the best restaurants and bars in the city. Price: $3,300,000 Square Feet: 5,712 sq. ft. Scheduled Income, 2021: $183,750 Scheduled Income, 2022: $192,500 Total Expenses: 36,000/year Occupancy: 100%

Details

MLS#PAPH984420
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
Status10000069142
Year1890
Days On Site30

Features

SQ Feet5,712
Units8
ZoningRM1
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Area Information
StatePA
CountyPHILADELPHIA-PA
CityPHILADELPHIA
Zip Code19103
Area19103 (19103)
Listing VS Median (in 19103)
Price:
$3,300,000
low | high
Med:
$2,450
100% of Average
SqFt:
5,712
low | high
Med:
900
100% of Average
$ / SqFt:
$578
low | high
Med:
$3
100% of Average
On Site:
30
low | high
Med:
6
100% of Average
Sourced by Back At You
Listing Updated: March 3, 2021 8:41:20 PM PST
Noah S Ostroff LogoMLS Number: PAPH984420
Listing Provided By:
Noah S Ostroff  of  Keller Williams Philly
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS. 

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