3,294 SqFt
3,294 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,294 sqft
Price per Sqft $409
Subdivision Fitler Square
MLS Listing ID PAPH2662056
Style Unit/Flat
Abv Grd Liv Area 3,294
Year Built 1910
Annual Tax Amount $12,903
Tax Year 2026
Lot Size 1,360 Sqft
Acres 0.03
Lot Dimensions 17.00 x 80.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
The location is one of the property's strongest investment attributes. Residents are within blocks of Fitler Square, Schuylkill River Park and the Schuylkill River Trail, while also enjoying convenient access to Rittenhouse Square, University City, the University of Pennsylvania, Penn Medicine, Children's Hospital of Philadelphia, 30th Street Station, restaurants, retail, cafés and Center City's major employment centers. The combination of walkability, access to employment and institutional anchors, neighborhood amenities and limited multifamily inventory makes this section of the 19103 ZIP code particularly attractive to renters and long-term investors.
2402 Spruce is offered at $1,350,000, with current gross rents of approximately $100,572 and NOI of approximately $71,499, equating to an approximately 5.3% cap rate. With the other two properties in the original portfolio already under contract, 2402 Spruce represents the final opportunity to acquire a renovated small multifamily asset in one of Center City's most sought-after residential neighborhoods.
Location
State PA
County Philadelphia
Area 19103 (19103)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Central A/C, Window Unit(s)
Heat Source Electric
Laundry Common
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Foundation Other
Above Ground Finished SqFt 3294
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881526300
Ownership Fee Simple
SqFt Source 3294
Special Listing Condition Standard
