Philadelphia, PA 19139,5948 SPRUCE ST
Philadelphia, PA 19139,5948 SPRUCE ST
Philadelphia, PA 19139,5948 SPRUCE ST
Philadelphia, PA 19139,5948 SPRUCE ST
Philadelphia, PA 19139,5948 SPRUCE ST
Philadelphia, PA 19139,5948 SPRUCE ST
Althea Hearst
Althea Hearst

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+1(202) 390-5624

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Listed by Alexander Taggart Penn • Keller Williams Realty Devon-Wayne
Bought with Ife Foy • Keller Williams Main Line

$ 424,900

$ 424,000 0.2%

Est. payment | /mo

1,980 SqFt


$ 424,900

$ 424,000 0.2%

Est. payment | /mo

1,980 SqFt

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

Above Ground Finished SqFt 1980

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 1980

Acceptable Financing FHA, Cash, Conventional, VA

Listing Terms FHA, Cash, Conventional, VA

Financing FHA,Cash,Conventional,VA

Special Listing Condition Standard

Bright MLS (BMLS)
Althea Hearst

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(202) 390-5624

ahearst@hearsthometeam.com

1017 O Street NW, Washington DC, Washington, DC, 20001, USA

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5948 SPRUCE ST