1009 Spruce St, Philadelphia, PA, 19107

1009 Spruce St, Philadelphia, PA, 19107 < >
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for sale
$1,975,000
Square Feet:5945
Year Built:1880
Status:Active
MLS #:PAPH2286808
Date Updated:
For information contact:
MGC Real Estate Group
215-928-0221
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The exclusive sale of a 2 building value-add apartment building portfolio. The sale includes 1009 Spruce St., a building with 5 residential units and 1 commercial unit, and 1011 Spruce St., a building with 6 residential units. The properties present a fantastic value add opportunity as a buyer can increase rents by updating kitchens, bathrooms and building common areas. Located in Washington Square West, one of Philadelphia’s premier neighborhoods, the properties are in close proximity to many restaurants, shops, Thomas Jefferson University Hospital and Center City. The Properties: • 1009 Spruce Street Street (5 Residential Units + 1 Commercial Unit) & 1011 Spruce Street (6 Residential Units) The Opportunity: • 12-unit value add apartment portfolio • High barrier of entry location in one of Philadelphia’s most highly-sought after neighborhoods • A value-add opportunity: A new owner may obtain rental increases by upgrading kitchens, baths, and common areas. • 1011 Spruce Street is a contributing property on the Philadelphia Historical Register The Location: • Walk To Work/Transit Friendly • Outstanding neighborhood amenities conducive to today’s “live-work-play” tenants • Excellent demographics: Center City core average household income more than $100,000 • Occupancy History: Washington Square West market 94% To 98% with occupancy
Interior Details
Building Total SQFT: 5945.00Foundation Details: Stone

Exterior Details
Lot Size Dimensions: 13.00 x 72.00Roof: Flat

Community Information
County: PHILADELPHIACross Street: 10TH ST
Municipality: PHILADELPHIASubdivision Name: CENTER CITY
Zoning: RM-1

Property Information From MLS Data
Accessibility Features: NoneBusiness Type: Hair Salon and Spa
DOM: 14MLS Area: 19107 (19107)
New Construction YN: NProperty Sub Type: Mixed Use
Year Built: 1880

Utilities
Cooling Type: OtherHeating Type: Other
Sewer Septic: OtherWater Source: Public

Listing Information Courtesy of:
List Agent Full Name: Nadia T Bilynsky
List Office Name: Mallin Panchelli Nadel Realty Inc
List Office Phone: 2154134900

Walk Score® for 1009 Spruce St
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Monthly Payment for 1009 Spruce St
This is an estimated monthly mortgage payment. Your actual financing will vary depending on your lender, local taxes, credit score and other factors.
Price:$1,975,000
Down Payment:
Loan Amount:$1,580,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Nadia T Bilynsky, Mallin Panchelli Nadel Realty Inc
Information obtained from Bright MLS is current as of 12/8/2023 10:00 AM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is 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.
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