PA > Philadelphia > Art Museum Area
Philadelphia, PA 19130,1926 SPRING GARDEN STREET
Philadelphia, PA 19130,1926 SPRING GARDEN STREET
Philadelphia, PA 19130,1926 SPRING GARDEN STREET
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$1,500,000
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5,500 SqFt
Price Dropped by $89K

1926 SPRING GARDEN STREET Philadelphia, PA 19130

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Melissa Roswell

Melissa Roswell

+1(856) 904-9502

UPDATED:

11/05/2024 10:12 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,500 sqft

Price per Sqft $272

Subdivision Art Museum Area

MLS Listing ID PAPH2346784

Originating Board BRIGHT

Year Built 1925

Annual Tax Amount $21,930

Tax Year 2023

Lot Size 500 Sqft

Acres 0.01

Property Description

Welcome to a rare opportunity to own a piece of history in one of Philadelphia's most sought-after neighborhoods! This six-unit historic condo building exudes charm and character, offering a unique blend of historic architecture, modern amenities, and a prime location. Nestled in the vibrant Art Museum area, this property enjoys proximity to world-class museums, iconic landmarks such as the Philadelphia Museum of Art and the Barnes Foundation, trendy restaurants, cafes, and boutique shops. With easy access to public transportation and major highways, residents enjoy the convenience of city living at its finest. Built with timeless elegance, this historic condo building pays homage to its storied past. Each unit within the building offers a unique living experience, with spacious layouts and abundant natural light. Modern conveniences abound, including fully equipped kitchens with stainless steel appliances, cozy living areas, and in-unit washer/dryer for added convenience.
This building is more than half occupied , providing an immediate source of rental income for investors or a solution for those seeking to enjoy the benefits of city living. Annual income capacity 120-130K. Also, each unit is deeded separately as a condominium but are currently being rented. Tenants relish in the charm of their individual units while indulging in the vibrant neighborhood atmosphere. The top floor unit presents an exciting opportunity for additional income as an Airbnb rental. With its prime location and well-appointed amenities, this unit offers guests a comfortable retreat in the heart of Philadelphia's cultural hub, making it a lucrative investment opportunity for savvy buyers. Residents of the building enjoy access to a beautiful quaint shared courtyard, perfect for outdoor gatherings, al fresco dining, or simply enjoying a bit of tranquility. Current rental income from the occupied units provides a stable foundation for investors, with the potential for increased revenue through short-term rentals or future appreciation in property value. Schedule your private showing today and discover the timeless allure of this historic condo building in the heart of the Art Museum area. Whether you're seeking an investment opportunity or a place to call home, this property offers the best of Philadelphia living.

Location

State PA

County Philadelphia

Area 19130 (19130)

Zoning RM1

Interior

Hot Water Multi-tank

Heating Heat Pump(s)

Cooling Central A/C

Flooring Hardwood

Inclusions Security system Unit A, dishwasher, electric range. microwave, refrigerator, washer, dryer Unit B, dishwasher, electric range, microwave, refrigerator, washer, dryer Unit C, dishwasher, electric range, microwave, refrigerator, washer, dryer Unit D, dishwasher, electric range, microwave, refrigerator, washer, dryer Unit E, dishwasher, electric range, microwave, refrigerator, washer, dryer Unit F, dishwasher, electric range, microwave, refrigerator, washer, dryer, Queen adjustable bed, mattress, dresser, chair, rugs, two (2) flatscreen televisions, couch, side table, dining table, two (2) matching chairs, coat rack, dyson stick vac

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Utilities Available Electric Available, Natural Gas Available

Water Access N

Roof Type Flat

Accessibility None

Total Parking Spaces 1

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID NO TAX RECORD

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, FHA, FHA 203(k), Private

Listing Terms Cash, Conventional, FHA, FHA 203(k), Private

Financing Cash,Conventional,FHA,FHA 203(k),Private

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Jamie Filippelli • KW Empower

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Melissa Roswell

Agent | License ID: 1540788

+1(856) 904-9502

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1926 SPRING GARDEN STREET

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