1725 Spruce Street

Description

This apartment building in prestigious Rittenhouse Square is a remarkable investment opportunity. With six apartments and a spacious commercial space, the potential for profit is immense. The commercial space, which boasts two half bathrooms and a small kitchenette, can easily be transformed into an owner suite or additional apartments. Its numerous rooms, including a large conference room with original wood finishes, offer endless possibilities. The brownstone building's tall ceilings, original features, and exquisite finishes add to its allure. The building is equipped with intercom systems and private mail for each apartment, along with a convenient common washer and dryer. Tenants are responsible for gas and electric, while water is included in their rent. Window units provide both air conditioning and heat, and gas and electric are separately metered. Don't miss out on this extraordinary opportunity! The lot is 21x104 and in good condition. This a rare investment opportunity for investors, homeowners, or condo conversion. Local sales $800/sq. ft. or more. Rear egress and handicap ramp, roof deck too! Beautiful and prestigious location. 2nd and 3rd-floor roofs were replaced in 2015 with a 10-year warranty. Fire Escape certified and recently worked on. The property is being sold in "as-is" condition.