1600 Spruce St - Apartments FOR SALE


Philadelphia, PA 19103- Rittenhouse Square
$1,750,000 USD
267-238-1711
1600 Spruce St, Philadelphia, PA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

1600 Spruce St
Philadelphia, PA 19103
Rittenhouse Square


OVERVIEW

MPN Realty is pleased to serve as Exclusive Agent representing the Ownership in the Sale of 1600 Spruce Street, in Philadelphia PA. The Property is situated on the prime corner of 16th and Spruce Streets, in Philadelphia’s most prestigious neighborhood: Rittenhouse Square. Originally built in the mid-1800s, the Ownership has renovated and upgraded the building in recent years. The fully occupied property consists of two 2-bedroom apartments, a professional office suite, and a highly visible retail space occupied by Weckerly’s Ice Cream on a NNN lease. 1600 Spruce Street is turnkey asset combining stable income with recent upgrades and a premier location. Highlights: • Turnkey 4-unit mixed-use corner property • Prime Rittenhouse Square neighborhood • Fully leased and recently renovated • High-visibility retail space leased to strong tenant on a NNN lease

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$411 USD /SF

# OF UNITS

4

PRICE/UNIT

$437,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1800

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CMX-2

APN/PARCEL ID

871513500

ASK ABOUT THIS PROPERTY

Kenneth MallinMPN RealtyMore Info
267-238-1711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Kenneth MallinMPN RealtyMore Info
267-238-1711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.