Price Reduction
Address
1723 Spruce Street, Philadelphia, PA
Price
$ 3,075,000
Property Attributes
- MLS#PAPH2290874
- TypeCommercial
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19103
- NeighborhoodRittenhouse Square
- Zip19103
- StyleApartment Building
- Year Built1890
- Taxes$ 26832
- Price$ 3,075,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage6970
- Lot Size2,178 SqFt
Data Source:
Bright MLS
Property Description
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, separate utilities. $187,000 annual rent roll. 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.
| Price History | |
|---|---|
| 10/24/2023 | Listed $3,200,000 |
| 2/7/2024 | 2% - $3,150,000 |
| 3/17/2024 | 1% - $3,125,000 |
| 4/22/2024 | 2% - $3,075,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | Settlement |
| Zoning | RM4 |
| Construction Materials | Masonry |
| Year Built | 1890 |
| Property SubType | Five Or More Units |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Apartment Building |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | RITTENHOUSE SQUARE |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | Walnut St. S 17th St. Spruce Street. |
| ModificationTimestamp | 2024-05-13T13:43:45 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 9 |
| MLS Area | 19103 (19103) |
| Lot Size Square Feet | 2368.00 |
| Tax Assessed Value | 1916900.0 |
| Waterfront Y/N | No |
| Street Name | SPRUCE |
| Tax Annual Amount | 26832.0 |
| Price Per Sq Ft | 441.18 |
| Vacation Rental Y/N | No |
| Days on Market | 197 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 19 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | None |
| Land Use Code | CA0 |
| Water View Y/N | No |
| Building Area Total | 6970.00 |
| Lot Dimensions | 23.00 x 104.00 |
| Lot Size Acres | 0.05 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 575070.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 19103
Price
Taxes
Visits
Year Built
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