Philadelphia, PA 19107,1308 SPRUCE ST
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Philadelphia, PA 19107,1308 SPRUCE ST
Philadelphia, PA 19107,1308 SPRUCE ST
Philadelphia, PA 19107,1308 SPRUCE ST
Philadelphia, PA 19107,1308 SPRUCE ST

$1,500,000

Est. payment /mo

$1,550,000

3.2%
Est.Price: ?

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1308 SPRUCE ST Philadelphia, PA 19107

5,150 SqFt

SOLD DATE : 07/27/2022

Key Details

Sold Price $1,500,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 5,150 sqft

Price per Sqft $291

Subdivision Washington Sq West

MLS Listing ID PAPH2107900

Sold Date 07/27/22

Originating Board BRIGHT

Year Built 1860

Annual Tax Amount $15,011

Tax Year 2022

Lot Size 2,340 Sqft

Acres 0.05

Lot Dimensions 20.00 x 120.00

Property Description

Situated in Prime Center City location of Washington Square West & featuring 2-CAR PRIVATE PARKING, street to street from Spruce St to Cypress St, this Mix Use Building features an Office & 3 Residential Apartments. Pride of Ownership is evident throughout this well-maintained building whereby the current owners have updated all the units to modern standards. This is a rare opportunity to own this Prime Center City Brownstone building to add to your rental portfolio or excellent opportunity for an owner-occupant to reside in one unit and allow the monthly rental income to off-set the mortgage. CMX-2 Zoning. The building is comprised of a first-floor front office with 1 Bathroom, (1) 3 Bedrooms & 2 Bathrooms, (1) 1 Bedroom & 1 Bathroom and (1) 4 Bedrooms & 2 Bathrooms. Located on the first-floor front is 1F which is comprised of an office with 1 Bathroom & is currently rented for $962/month. In the rear of the building, is Unit 1R which is like a modern townhome compromised of 3 bedrooms & 2 bathrooms on 3 levels plus access to the rear yard, 1 car private parking & currently rented for $2520/month. On the 2nd floor front is unit 2 F, which is a very large 1 bedroom & 1 bathroom which includes 1 car parking and currently rented for $1583/month. On the 3rd floor is Unit 3F, which is 4 5 bedrooms & 2 bathrooms & rent will increase to $1854/month on June 1. All residential units are equipped with modern kitchens with Refrigerators, Dishwashers & Gas Range, updated & modern bathrooms, private laundry to include washer & dryer, hardwood floors & high ceilings with excellent natural sunlight. Turn-key operation with all separate utilities for each unit. Access to the basement with mechanicals and provides additional storage. Walkers Paradise with 100 score, Transit Score of 99 and Bike Score of 89 contributing to the ease of renting. Only moments to Broad St to access Center City or South to the stadiums & PATCO @ Locust St. Just moments to restaurants, such as Vetri Cucina, Mercato, coffee shops, Nearby parks include Seger Playground & dog park, Julian Abele Park and 1705 Rodman St. Park. This location provides super easy access to Center City, Midtown Village, Ave of the Arts Theaters & entertainment.

Location

State PA

County Philadelphia

Area 19107 (19107)

Zoning CMX2

Interior

Hot Water Natural Gas

Heating Central, Forced Air, Hot Water & Baseboard - Electric, Radiant

Cooling Central A/C, Ductless/Mini-Split, Wall Unit

Flooring Ceramic Tile, Wood

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Water Access N

Accessibility None

Total Parking Spaces 2

Garage N

Building

Lot Description Rear Yard

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871508370

Ownership Fee Simple

SqFt Source Assessor

Security Features Fire Detection System

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Maria Maria Quattrone Quattrone • RE/MAX @ HOME
Bought with Linda Cheng • Premium Realty Group Inc

Nancy Gowan

Advisor | License ID: 669926

+1(858) 603-2774

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