Magnificent opportunity to own a Rittenhouse Square brownstone 9-unit apartment building in amazing condition! Located at one of the best corners in Rittenhouse, 18th & Spruce. One block to the square, 50 yards away form Rittenhouse market, 100 yards away from Starbucks. The units are under rented so there is room for increases, separate utilities. $187,000 annual rent roll. Property is updated throughout with gorgeous original details. The property runs to street to street, to manning street. there is a one car car-port on the manning street side of the building. **Bonus -There is also a common elevator that can be repaired and brought back to life!!! It is not currently being used but would add a ton of value to the building. 5 (2) bedroom units and 4 (1) bedroom units. Could also be an amazing condo conversion!! These building do not become available often at a location like this.. Taxes and square footage is the responsibility of the buyer to have verified.
Property Type :
Multi-Family
Subdivision :
Rittenhouse Square
County :
PHILADELPHIA
Style :
Multi-Family
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ByOwner last updated this listing 05/06/2024 @ 18:02
MLS: PAPH2290906
LISTED BY: Jim Onesti , KW Empower
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
