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5948 Spruce Street, Philadelphia, PA 19139
$115,000
5948 Spruce Street, Philadelphia, PA 19139View this property at 5948 Spruce Street, Philadelphia, PA 19139
5948 Spruce StreetPhiladelphiaPA19139
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Property Description
Massive RM1 opportunity hitting the market in a developing area!! Multifamily and commercial investors / contractors take notice! This is a by-right 5 unit opportunity. Huge 2 story structure on a huge lot that stretches from Spruce to Delancey st. Best use may be 2 1 bed 1 bath units and 3 3 bed 2 bath units. Drafted zoning plan and proposed best-use floor plan to be uploaded soon. Structure needs extensive work, including entire roof and rear wall, but this is in line with third story addition and rear addition to maximize allowable square footage. Make safe plans already submitted and approved. New construction right around the corner and going up all over s 60th St. The aspects of this lot that make this a great opportunity go on and on. Property is semi-detached allowing for tons of natural light. Extra wide building. Frontage on Delancey street allows for rear entrances and parking. Third story can go straight up. Bus stop right outside. Great condition basement slab. ETC. List price is in-line with land value alone. Buyer responsible for all U&O due diligence. No disclosures. Drill access through front door. Agent has financial interest.
Full Property Details
Full Property Details for 5948 Spruce St
General
- Sold For: $115,000
- Taxes: $709 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: PAPH2257368
- Added to Site: 327 day(s) ago
Parking
- Parking Type: On Street, Parking Lot
Location
- Area: 19139 (19139)
- Municipality: PHILADELPHIA
- County: Philadelphia
- Development Name: Cobbs Creek
- Subdivision: Cobbs Creek
- Cross Streets: S 60th
- Driving Directions: GPS
School Information
- School District: The School District Of Philadelphia
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Heating Fuel: Natural Gas
- Water Heater: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Traditional
- Architectural Style: Traditional
- Structure Type: Twin/Semi-Detached
- Construction: Masonry
- Foundation: Stone, Brick/Mortar
- Stories/Levels: 0
- Square Feet: 2,980
- Sq. Ft. Source: Estimated
- Living Area: 1,980 Sq. Ft.
- Finished Above Grnd: 1,980 Sq. Ft.
- Year Built: 1965
- Year Built Source: Assessor
Unit Information
- 1 Bedroom Units: 2
- 3 Bedroom Units: 3
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,000
- Lot Size Source: Assessor
- Lot Dimensions: 20.00 x 100.00
- Zoning: RM1
Financial Considerations
- Price Per Sq. Ft.: $58.08
- Assessment Year: 2023
- School Tax: $389
- City/TownTax: $320
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $50,700
- Tax Amount: $709
- Tax Year: 2022
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 1980
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 9088
Listed by Real Broker, LLC, William Taylor Hannum
Sold by Realty Mark Associates, Benjamin R Cathey
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Schools
Schools serving 5948 Spruce St
School District:The School District Of Philadelphia
Rating | Name | Grades | Distance |
---|---|---|---|
6001 Cedar Ave, Philadelphia, PA 19143 | K-8 | 0.3 mi | |
5800 Walnut St, Philadelphia, PA 19139 | 9-12 | 0.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5948 Spruce St
Date
Details
Price
Change
Source
8/10/2023
Sold
$115,000
—
MLS
7/18/2023
Price Increased
$115,000
15%
MLS
7/17/2023
Listed
$100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5948 Spruce Street, Philadelphia, PA 19139 (MLS# PAPH2257368) is a Multi-Family property that was sold at $115,000 on August 10, 2023. Want to learn more about 5948 Spruce Street? Do you have questions about finding other Multi-Family real estate for sale in Cobbs Creek? You can browse all Cobbs Creek real estate or contact a Coldwell Banker agent to request more information.