2029 Spruce St,PHILADELPHIA, PA 19103
PHILADELPHIA, PA 19103
Description
Rarely available Fitler Square brownstone offering a blue chip long-term investment opportunity in one of Philadelphia's most desirable neighborhoods. Situated on a 19' x 96' lot, this seven-unit property consists of three one-bedroom apartments, three studios, and one two-bedroom apartment. Most units have been updated over the past decade and feature separate split-zone electric heating and cooling. Tenants pay their own electric and cooking gas, while ownership is responsible for water, sewer, and gas hot water (Except Unit 1 with electric hot water heating - tenant responsible). Laundry is available in the building or in-unit. Rent Roll:1F: 2 Bed / 1 Bath - $2,575 (Lease Exp. 7/28/26)1R: Studio / 1 Bath - $1,475 (Lease Exp. 6/27/27)2F: 1 Bed / 1 Bath - $1,825 (Lease Exp. 6/27/27)2R: Studio / 1 Bath - $1,575 (Lease Exp. 6/27/27)3F: 1 Bed / 1 Bath - $1,995 (Lease Exp. 6/27/27)3R: Studio / 1 Bath - $1,295 (Lease Exp. 6/27/27)4: 1 Bed / 1 Bath - $1,645 (Lease Exp. 6/27/27) Current annual operating expenses are approximately $30,261.54, resulting in a Net Operating Income (NOI) of approximately $118,358.46. See the documents section for more details. Schedule your showing today!
Details
| MLS # | PAPH2640888 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1890 |
| Days On Site | 85 |
| Listing Provided By | KW Empower | Michael R. McCann |
Features
| Units | 7 |
|---|---|
| Zoning | RM1 |
| Acreage | 0.04 |
Interior
| Cooling | Ductless/Mini-Split |
|---|---|
| Heating Yes / No | Yes |
| Heating | Heat Pump(s) |
Exterior
| Construction Materials | Masonry |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 17497 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19103 |
| Area | 19103 (19103) |
| Community Name | FITLER SQUARE |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in FITLER SQUARE) | |
Price: $1,650,000 low | high Med: $299,900 On site: 85 low | high Med: 172 | |
Market Activity 19103
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19103 |
| Area | 19103 (19103) |
| Community Name | FITLER SQUARE |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in FITLER SQUARE) | |
Price: $1,650,000 low | high Med: $299,900 On site: 85 low | high Med: 172 | |
