$ 75,000
5320 SPRUCE ST Philadelphia, PA 19139
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$ 75,000
Est. payment | /mo
1,501 Sqft Lot
$ 75,000
Est. payment | /mo
1,501 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Cobbs Creek
MLS Listing ID PAPH2408086
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $204
Tax Year 2024
Lot Size 1,501 Sqft
Acres 0.03
Lot Dimensions 19.00 x 79.00
Property Description
Prime Investment Opportunity in Cobbs Creek – Build a Multi-Unit Income Property!
Welcome to an exceptional vacant lot with an approved variance for a two-unit building. Located in the vibrant Cobbs Creek neighborhood, this property offers tremendous flexibility and income potential for investors or homeowners alike.
Property Highlights:
Unit 1 (First Floor): Spacious 2-bedroom, 1-bathroom apartment. Ideal for comfortable living or renting to generate immediate income.
Unit 2 (Bi-Level, Second & Third Floors): Stunning 3-bedroom, 2-bathroom apartment with plenty of space and privacy. Perfect for a larger family or high-end rental.
Multiple Options: Live in one unit and rent out the other, rent both for steady cash flow, or take advantage of the opportunity to convert them into individual condos and sell for a premium.
Location Perks:
Just steps away from the 42 Bus line, offering a quick 10-minute ride to University of Pennsylvania and the Hospital of the University of Pennsylvania (HUP).
Easy access to local amenities, parks, and shops in the Cobbs Creek area.
This is a rare chance to build in an appreciating neighborhood and design your perfect income-generating property. Whether you're looking to hold for rental income or sell as condos, this property has endless potential. Don’t miss out on this incredible opportunity!
Welcome to an exceptional vacant lot with an approved variance for a two-unit building. Located in the vibrant Cobbs Creek neighborhood, this property offers tremendous flexibility and income potential for investors or homeowners alike.
Property Highlights:
Unit 1 (First Floor): Spacious 2-bedroom, 1-bathroom apartment. Ideal for comfortable living or renting to generate immediate income.
Unit 2 (Bi-Level, Second & Third Floors): Stunning 3-bedroom, 2-bathroom apartment with plenty of space and privacy. Perfect for a larger family or high-end rental.
Multiple Options: Live in one unit and rent out the other, rent both for steady cash flow, or take advantage of the opportunity to convert them into individual condos and sell for a premium.
Location Perks:
Just steps away from the 42 Bus line, offering a quick 10-minute ride to University of Pennsylvania and the Hospital of the University of Pennsylvania (HUP).
Easy access to local amenities, parks, and shops in the Cobbs Creek area.
This is a rare chance to build in an appreciating neighborhood and design your perfect income-generating property. Whether you're looking to hold for rental income or sell as condos, this property has endless potential. Don’t miss out on this incredible opportunity!
Location
State PA
County Philadelphia
Area 19139 (19139)
Zoning RSA3
Exterior
Waterfront N
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District Philadelphia City
Others
Tax ID 603065600
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Malik T Carter • Realty ONE Group Focus
Learn More About LPT Realty
Patrick Smith
Realtor | License ID: 658929