1017 Spruce St

Collingdale, PA 19023

Back on the market! Based on feedback, several upgrades were made with NO impact on the list price! Improvements include structural repairs to foundation wall, new paint, carpet, kitchen, appliances, and more in the first floor unit. This property is move in ready and we expect it to move quickly in this market. Your chance to buy a duplex and potentially live for little to no rent is here! Over-under style duplex has been completely remodeled. Upstairs received all new flooring, new drywall, paint, new wiring, new plumbing, countertops, and bathroom in mid 2020. It is currently leased for $1,050/month. Downstairs was leased for $1,100 in much worse condition before the tenant moved out. Since then the kitchen has been replaced, new bathroom fixtures, new appliances, new flooring, new paint, several new windows, and more. The building has received a new roof and siding in 2019, many plumbing upgrades in the basement, and plenty more upgrades. All utilities are paid by tenants, thanks to some recent upgrades to the utility systems and private water meters. Professional management in place and ready to transfer to new ownership if desired. On top of all of that, the building was recently reassessed, and subsequently appealed to a significantly lower assessment, resulting in much lower cost of ownership. See documents for official letter, and assessment portion of listing. You don't want to miss this. Multi family house hacking opportunities don't come around very often, and we expect this to move quickly at this price in this condition.