Bought with Ife Foy • Keller Williams Main Line
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5948 SPRUCE ST Philadelphia, PA 19139
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Key Details
Sold Price $424,900
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,980 sqft
Price per Sqft $214
MLS Listing ID PAPH2456576
Sold Date 07/30/25
Style Traditional,Straight Thru
Abv Grd Liv Area 1,980
Year Built 1965
Available Date 2025-03-19
Annual Tax Amount $1,212
Tax Year 2024
Lot Size 2,000 Sqft
Acres 0.05
Lot Dimensions 20.00 x 100.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Fully Renovated Duplex – Ideal Investment or First-Time Buyer Opportunity - Whether you're a savvy investor or a first-time buyer looking to offset your mortgage by living in one unit and renting out the other unit, this is the perfect opportunity!
This brand new, fully renovated duplex offers two spacious 3-bedroom units, each featuring:
1) Mini-Split Systems: Individual air conditioning and heating systems in every room, ensuring optimal comfort year-round.
2) Modern Amenities: New kitchens with quartz countertops, brand-new appliances (dishwasher, refridgerator, microwave, oven), and sleek new bathrooms.
3) Convenience: Washer/dryer in each unit, separate electrical boxes, and open concept layouts in each unit!
4) Upgrades: New roof, plumbing, electric (200-amp service), recessed lighting, wide plank flooring, and new windows.
5) Legal and Approved: All work approved by the City of Philadelphia, ensuring this is a legal duplex.
6) Income Potential: With an estimated total annual rent of $44,400 ($1,850/unit) and a cap rate of 10.4%, this property offers great investment potential. Unit 1 also has access to the huge unfinished basement for additional storage as well as the private back patio.
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RM1
Interior
Hot Water Electric
Heating Other
Cooling Ductless/Mini-Split
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Traditional, Straight Thru
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 032002300
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing FHA, Cash, Conventional, VA
Listing Terms FHA, Cash, Conventional, VA
Financing FHA,Cash,Conventional,VA
Special Listing Condition Standard
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