See all 30 photos
30 photos
Additional details
Listed by Moshe Adika • TCS Management, LLC
$1,325,000
Est. payment /mo
1,800 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Subdivision Spring Garden
MLS Listing ID PAPH2496254
Year Built 1900
Annual Tax Amount $13,334
Tax Year 2024
Lot Size 1,800 Sqft
Acres 0.04
Lot Dimensions 20.00 x 90.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Qualified investors have the opportunity to acquire the fee simple interest in 1937 Spring Garden Street, a well-located multifamily asset in the heart of Philadelphia's Fairmount-Art Museum neighborhood. The property consists of five apartment units, offering a desirable mix of three (1-bedroom) and two (3-bedroom) floor plans.
This property presents new ownership with the potential to implement a light value-add strategy, upgrading select unit interiors to capture rent premiums and better align with top-market comps in the area.
Ideally situated in a walkable, amenity-rich location, 1937 Spring Garden appeals to tenants seeking proximity to local restaurants, coffee shops, museums, nightlife, and green spaces like the Schuylkill River Trail and Martin Luther King Drive. The asset also benefits from excellent transit access, minutes from I-76, 676, and I-95, and just 0.5 miles from the Spring Garden SEPTA Station on the Broad Street Line, providing direct service from Fern Rock to the Philadelphia Sports Complex.
This is a rare opportunity to acquire a classic brownstone multifamily property in a highly regarded, supply-constrained submarket, with significant upside through targeted capital improvements.
This property presents new ownership with the potential to implement a light value-add strategy, upgrading select unit interiors to capture rent premiums and better align with top-market comps in the area.
Ideally situated in a walkable, amenity-rich location, 1937 Spring Garden appeals to tenants seeking proximity to local restaurants, coffee shops, museums, nightlife, and green spaces like the Schuylkill River Trail and Martin Luther King Drive. The asset also benefits from excellent transit access, minutes from I-76, 676, and I-95, and just 0.5 miles from the Spring Garden SEPTA Station on the Broad Street Line, providing direct service from Fern Rock to the Philadelphia Sports Complex.
This is a rare opportunity to acquire a classic brownstone multifamily property in a highly regarded, supply-constrained submarket, with significant upside through targeted capital improvements.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning RM1
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Septic, Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881583105
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Read Less Info
