5948 SPRUCE ST Active Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19139
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $221
MLS Listing ID PAPH2456576
Style Traditional,Straight Thru
Year Built 1965
Available Date 2025-03-19
Annual Tax Amount $1,212
Tax Year 2024
Lot Size 2,000 Sqft
Property Sub-Type Twin/Semi-Detached
Property Description
Fully Renovated Duplex – Ideal Investment or First-Time Buyer Opportunity - Whether you're a savvy investor or a first-time buyer looking to offset your mortgage by living in one unit and renting out the other unit, this is the perfect opportunity!
This brand new, fully renovated duplex offers two spacious 3-bedroom units, each featuring:
1) Mini-Split Systems: Individual air conditioning and heating systems in every room, ensuring optimal comfort year-round.
2) Modern Amenities: New kitchens with quartz countertops, brand-new appliances (dishwasher, refridgerator, microwave, oven), and sleek new bathrooms.
3) Convenience: Washer/dryer in each unit, separate electrical boxes, and open concept layouts in each unit!
4) Upgrades: New roof, plumbing, electric (200-amp service), recessed lighting, wide plank flooring, and new windows.
5) Legal and Approved: All work approved by the City of Philadelphia, ensuring this is a legal duplex.
6) Parking Potential: Property is block to block and features a curb cut out back for possible parking in the rear.
7) Income Potential: With an estimated total annual rent of $44,400 ($1,850/unit) and a cap rate of 9.8%, this property offers great investment potential. Unit 1 also has access to the huge unfinished basement for additional storage as well as the private back patio.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM1
Interior
Hot Water Electric
Heating Other
Cooling Ductless/Mini-Split
Inclusions Washer, dryer, dishwashers, refridgerators in all units.
Exterior
Garage Spaces 2.0
Water Access N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Acceptable Financing FHA,Cash,Conventional,VA
Listing Terms FHA,Cash,Conventional,VA
Special Listing Condition Standard
Virtual Tour https://www.zillow.com/view-imx/e38dd03f-0e26-40d2-98b2-5bc69ac14d90?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard