Description
Rare opportunity to own a historic property on one of Rittenhouse Square’s most desirable, tree-lined blocks. This classic Spruce Street home is currently configured as a nine-unit multifamily building, consisting of five studios and four one-bedroom apartments. Ideal for a renovate-and-hold investment strategy with strong rental upside or opportunity for conversion to a grand single-family residenceRecent improvements include a new steam boiler ($13k+), a new plumbing stack, and new plumbing installed throughout. Surrounded by some of Philadelphia’s finest homes and just steps from Rittenhouse Square, world-class dining, shopping, and cultural attractions.
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9BEDS
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0.04ACRES
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9BATHS
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01/2 BATHS
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4,828SQFT
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$176$/SQFT
Description
Rare opportunity to own a historic property on one of Rittenhouse Square’s most desirable, tree-lined blocks. This classic Spruce Street home is currently configured as a nine-unit multifamily building, consisting of five studios and four one-bedroom apartments. Ideal for a renovate-and-hold investment strategy with strong rental upside or opportunity for conversion to a grand single-family residenceRecent improvements include a new steam boiler ($13k+), a new plumbing stack, and new plumbing installed throughout. Surrounded by some of Philadelphia’s finest homes and just steps from Rittenhouse Square, world-class dining, shopping, and cultural attractions.
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