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Magnificent opportunity to own a Rittenhouse Square brownstone 9-unit apartment building in amazing condition! Located at one of the best corners in Rittenhouse, 18th & Spruce. One block to the square, 50 yards away form Rittenhouse market, 100 yards away from Starbucks. The units are under rented so there is room for increases, separate utilities. $187,000 annual rent roll. Property is updated throughout with gorgeous original details. The property runs to street to street, to manning street. there is a one car car-port on the manning street side of the building. **Bonus -There is also a common elevator that can be repaired and brought back to life!!! It is not currently being used but would add a ton of value to the building. 5 (2) bedroom units and 4 (1) bedroom units. Could also be an amazing condo conversion!! These building do not become available often at a location like this.. Taxes and square footage is the responsibility of the buyer to have verified.
| DAYS ON MARKET | 189 | LAST UPDATED | 4/22/2024 |
|---|---|---|---|
| TRACT | RITTENHOUSE SQUARE | YEAR BUILT | 1890 |
| COMMUNITY | 19103 (19103) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Feb 7, '24 | $3,200,000 |
|---|---|
| Feb 7, '24 - Mar 17, '24 | $3,150,000 |
| Mar 17, '24 - Apr 22, '24 | $3,125,000 |
| Apr 22, '24 - Today | $3,075,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19103 (19103) |
| BUYER'S BROKERAGE COMPENSATION | 2.5 |
| HEAT | Forced Air, Natural Gas |
| LOT | 2178 sq ft |
| LOT DIMENSIONS | 23.00 x 104.00 |
| SEWER | Public Sewer |
| SUBDIVISION | RITTENHOUSE SQUARE |
| TAXES | 26832 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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