NOT LISTED FOR SALE

2318 Spruce St Philadelphia, PA 19103

Fitler Square Neighborhood
-- Bed
1 Bath
4,080 Sq Ft
2,140 Sq Ft Lot

Last Sold April 22, 2022

Last sale price $1,897,500 $465 Per Sq Ft

Highlights

  • Traditional Architecture
  • Forced Air Heating and Cooling System
  • 1-minute walk to Fitler Square Park
  • 2 Attached Carport Spaces
  • Electric Baseboard Heater

About This Home

As of April 2022

Welcome to 2318 Spruce Street, primely located in Fitler Square with easy access to Penn, Drexel, CHOP and HUP. This property offers 5 newly renovated and upgraded rental units on a 20’x 107’ lot— which includes 2 CAR PARKING.

The lobby and common areas have been completely renovated with new tile, wallpaper, light fixtures, moldings, paint, mailboxes and a new top-of-the-line intercom system. The basement level includes 5 private storage units (one per unit), a brand new washer and dryer, a large trash room and an additional flex space that could be rented out for larger storage items or could be converted into a bicycle room. The rear patio has been completely repaved and new stucco has been around the rear of the home. There is access through the rear patio/basement for the parking spaces so tenants with access to the parking do not have to walk around the building to enter. New recessed lighting has been installed throughout the building, and nearly every unit has brand new stainless steel appliances (the ones that aren’t brand new are in excellent working condition).

Unit 1F: 1 Bedroom, 1 Bath — (new kitchen, renovated bath)
Unit 1R: 1 Bedroom, 1 Bath + private outdoor patio (new bath, newly paved patio)
Unit 2F: 1 Bedroom, 1 Bath (new kitchen, renovated bath)
Unit 2R: 1 Bedroom, 2 Bath, Bi-level unit + fireplace (new kitchen, 2 new bathrooms)
Unit 3F: 2 Bedroom, 1 Bath, Bi-level unit w/ private W/D + Private Roof Deck (new bath, new roof + roof deck)

6% cap rate in a prime rental location. Don’t miss out on the chance to seize this opportunity while it lasts!

Last Agent to Sell the Property

Margaux Genovese Pelegrin

Compass RE Listed on: 02/08/2022

Compass RE

Co-Listed By

Alison Goldblum

Compass RE

Last Buyer's Agent

Nancy Houston

KW Empower

KW Empower

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,001

Year Built

  • Built in 1870

Lot Details

  • 2,140 Sq Ft Lot
  • Lot Dimensions are 20.00 x 107.00

Home Design

  • 4,080 Sq Ft Home
  • Traditional Architecture
  • Masonry

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Natural lighting in basement

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Private Parking
  • Driveway
  • Off-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Ductless Heating Or Cooling System
  • Electric Baseboard Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 155
  • Assessor Parcel Number 881526000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,001

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2022-02-17
  • Year Built: 1870
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome to 2318 Spruce Street, primely located in Fitler Square with easy access to Penn, Drexel, CHOP and HUP. This property offers 5 newly renovated and upgraded rental units on a 20’x 107’ lot— which includes 2 CAR PARKING. The lobby and common areas have been completely renovated with new tile, wallpaper, light fixtures, moldings, paint, mailboxes and a new top-of-the-line intercom system. The basement level includes 5 private storage units (one per unit), a brand new washer and dryer, a large trash room and an additional flex space that could be rented out for larger storage items or could be converted into a bicycle room. The rear patio has been completely repaved and new stucco has been around the rear of the home. There is access through the rear patio/basement for the parking spaces so tenants with access to the parking do not have to walk around the building to enter. New recessed lighting has been installed throughout the building, and nearly every unit has brand new stainless steel appliances (the ones that aren’t brand new are in excellent working condition). Unit 1F: 1 Bedroom, 1 Bath — (new kitchen, renovated bath) Unit 1R: 1 Bedroom, 1 Bath + private outdoor patio (new bath, newly paved patio) Unit 2F: 1 Bedroom, 1 Bath (new kitchen, renovated bath) Unit 2R: 1 Bedroom, 2 Bath, Bi-level unit + fireplace (new kitchen, 2 new bathrooms) Unit 3F: 2 Bedroom, 1 Bath, Bi-level unit w/ private W/D + Private Roof Deck (new bath, new roof + roof deck) 6% cap rate in a prime rental location. Don’t miss out on the chance to seize this opportunity while it lasts!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Interior Access, Daylight, Full
  • Total Sq Ft: 4080
  • Living Area Sq Ft: 4080
  • Price Per Sq Ft: 480.15
  • Above Grade Finished Sq Ft: 4080
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2318

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Carport Spaces: 2
  • Garage: No
  • Parking Features: Concrete Driveway, Private
  • Attached Carport Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Carport, Driveway, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Ductless/Mini-Split
  • Heating Fuel: Electric, Natural Gas
  • Heating Type: Baseboard - Electric, Forced Air
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 600180.00
  • Land Assessed Value: 257220.00
  • Land Use Code: CA0
  • Lot Size Acres: 0.05
  • Lot Dimensions: 20.00 x 107.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2140.00
  • Year Assessed: 2022
  • Zoning: RM1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 1411313
  • School Tax: 6585.00
  • Tax Annual Amount: 12001.00
  • Assessor Parcel Number: 881526000
  • Tax Lot: 155
  • Tax Total Finished Sq Ft: 4080
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 04/22/2022

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2022 04/22/22 Sold $1,897,500 -3.1% $465 / Sq Ft
03/06/2022 03/06/22 Pending -- -- --
02/22/2022 02/22/22 Price Changed $1,959,000 -0.8% $480 / Sq Ft
02/08/2022 02/08/22 For Sale $1,975,000 0.0% $484 / Sq Ft
02/08/2022 02/08/22 Price Changed $1,975,000 0.0% $484 / Sq Ft
09/14/2018 09/14/18 Rented $2,495 -10.9% --
09/14/2018 09/14/18 Under Contract -- -- --
06/19/2018 06/19/18 For Rent $2,800 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alison Goldblum

    Seller Co-Listing Agent in 2022

    Alison Goldblum

    Compass RE

    (215) 432-2490

    4 in this area

    14 Total Sales

    Alison Goldblum
    Section Image
  • Nancy Houston

    Buyer's Agent in 2022

    Nancy Houston

    KW Empower

    (215) 990-1161

    1 in this area

    58 Total Sales

    Nancy Houston
    Section Image
  • Timothy Lilley

    Seller's Agent in 2018

    Timothy Lilley

    OFC Realty

    (267) 245-4986

    1 in this area

    38 Total Sales

    Timothy Lilley
    Section Image
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Map

Source: Bright MLS

MLS Number: PAPH2074526

Bright MLS
Pennsylvania Philadelphia County Philadelphia 19103 Fitler Square

2318 Spruce St, Philadelphia, PA

This home is located at 2318 Spruce St, Philadelphia, PA 19103 since 08 February 2022. This property was built in 1870. 2318 Spruce St is a home located in Philadelphia County with nearby schools including Albert M Greenfield School, Benjamin Franklin High School, and Richard Allen Preparatory Charter School.

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