1723 Spruce St - Apartments FOR SALE


Philadelphia, PA 19103- Rittenhouse Square
$2,890,000 USD
610-520-0100
1723 Spruce St, Philadelphia, PA for Sale
$2,890,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

1723 Spruce St
Philadelphia, PA 19103
Rittenhouse Square


OVERVIEW

Magnificent opportunity to own a Rittenhouse Square brownstone 9-unit apartment building in amazing condition! Located at one of the best corners in Rittenhouse, 18th & Spruce. One block to the Square, 50 yards away form Rittenhouse Market, 100 yards away from Starbucks. The units are under rented so there is room for increases plus separate utilities. Property is updated throughout with gorgeous original details. The property runs to street to street, to Manning Street. There is a one car car-port on the manning street side of the building. *Bonus -There is also a common elevator that can be repaired and brought back to life! It is not currently being used but would add a ton of value to the building. 5 (2) bedroom units and 4 (1) bedroom units. Could also be an amazing condo conversion!! These building do not become available often at a location like this. Taxes and square footage is the responsibility of the buyer to have verified.

FOR SALE DETAILS

PRICE

$2,890,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

9

PRICE/UNIT

$321,111

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,100 SF

ZONING

I3, County

APN/PARCEL ID

881542600

ASK ABOUT THIS PROPERTY

Mike McCannMcCann CommercialMore Info
610-520-0100

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Mike McCannMcCann CommercialMore Info
610-520-0100

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