Average square foot calculated using Size range provided by listing agent.
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.Show Description
MLS® NumberPAPH2496254
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatForced Air, Natural Gas
A/CCentral A/C, Electric
Heating Fuel
Extras
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