Philadelphia, PA 19139,5320 SPRUCE ST
Philadelphia, PA 19139,5320 SPRUCE ST
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$ 75,000
Est. payment | /mo

1,501 Sqft Lot


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$ 75,000
Est. payment | /mo
Save

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!

Location

State PA

County Philadelphia

Area 19139 (19139)

Zoning RSA3

Exterior

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

Bright MLS (BMLS)
Listed by Malik T Carter • Realty ONE Group Focus
agent-avatar

+1(410) 499-5404

derek@theblazerteam.com

2314 Boston St., Baltimore, MD, 21224, United States

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5320 SPRUCE ST