4437 Spruce St

Philadelphia, PA 19104

Large triplex in the heart of Spruce Hill--a prime University City location. With superb bones, this property includes a spacious 1-bedroom unit with a large rear yard, a 1 (or 2) bedroom unit and a 2 (or 3) bedroom unit on the third floor. South facing and filled with beautiful original details, like built-in armoires, original woodwork and mantels, and gorgeous leaded-glass windows. This property has been consistently rented in its as-is condition, and current owner has let the leases expire to provide new owner with opportunity to renovate and add value. Premiere location for an investment triplex (property is zoned duplex by right with a variance for three units). The property could also be renovated as a two unit with an awesome owner?s unit or even a single family. The property is situated within the Penn Alexander School CATCHMENT. Great for an investor to add value or owner occupant looking to supplement with investment income. This is an amazing opportunity within blocks of Clark Park and its phenomenal Farmers Market, Local 44, Bottle Shop, Green Line, ReAnimator Coffee and Knockbox Cafe, TacoTacoMexican (formerly Honest Tom's), Tampopo, Pop Shop, Renata's, Clarkville, Baltimore Avenue Restaurant Row, CVS, movie theater, and much more. Two blocks to the Penn Alexander School. Walk to HUP, Penn, CHOP, Presby, Penn Vet, Drexel, St Joes (University of the Sciences), the Restaurant School, and the Science/Tech Corridor. A very short commute to Center City by SEPTA, car, or bike. 95 WalkScore and 97 BikeScore. Philadelphia International Airport is also easily accessible by train or car. NOTES: Property needs renovation throughout (as reflected in price). Property currently has two active electric accounts, but a meter set-up for four meters (one for each unit plus house account).