USAPAPhiladelphiaWalnut Hill5425 Spruce St

5425 Spruce St, PHILADELPHIA, PA

Name: 5425 Spruce St, For Sale in PHILADELPHIA - eXp Realty
Brand: KW Empower
SKU: PAPH2320258
Price: 309000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$309,000

000

MLS® PAPH2320258

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes $1,308

Days Active 608

Approx. Age 1920

MLS® Number PAPH2320258

Property Address: 5425 Spruce St, PHILADELPHIA, PA, 19139-4061

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to your next investment opportunity! This turnkey mixed-use building promises excellent cash flow and minimal overhead, making it an investor's dream. Nestled in the burgeoning Walnut Hill section of Philadelphia, adjacent to the esteemed University of Pennsylvania, this property boasts three units ripe for income generation. Positioned conveniently on Market Street's south side, mere steps from the SEPTA 56th Street EL stop, accessibility is unmatched. Your tenants will relish the swift commute to Penn, Drexel, or downtown Philadelphia, thanks to the nearby elevated train. The ground floor fronts a versatile commercial space, zoned CMX2 to accommodate various business endeavors. Currently leased at $725 per month, this unit offers immediate returns. Meanwhile, the rear residential unit on the first floor presents a spacious one-bedroom apartment with kitchen, bath, flooring, heater, washer/dryer, and new plumbing. Priced at $1000 per month, its private fenced yard adds an extra allure. Ascending to the second floor reveals a charming two-bedroom unit, boasting a ceramic-tiled kitchen, pergo flooring, and modern amenities like high-efficiency gas forced air heat and central air. With a rental income of $1100 per month, its enclosed porch could easily transform into a third bedroom, maximizing returns. To sweeten the deal, the property offers off-street parking for 1–2 cars, potentially yielding an additional $50–$100 per month in rent. Resting on a generous 125-foot deep lot with a convenient rear alley/private driveway, convenience and flexibility abound. Whether you're eyeing a 1031 exchange, a cash sale, commercial financing, or envisioning yourself as an owner-operator, this offering caters to diverse investment strategies. Don’t miss out on this golden opportunity to secure your foothold in Philadelphia’s thriving real estate market!

MLS® NumberPAPH2320258

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1920

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 15, 2024List Date

$309,000List Price

Commute

Commute

Starting Address

Destination Address

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