Description

This meticulously maintained professionally managed 6 unit apartment building in the desirable Spruce Hill neighborhood of University City, West Philadelphia is fully occupied and runs like a well oiled machine. Basement level has a separate owner's office and kitchenette ( currently unused 7th unit) that can be added as extra living space to one of the existing first floor apartments to maximize rental amounts and profits or kept as it's current use to provide an office space for the building. Each apartment is separately metered for cooking gas and electric. Rents include heat, hot water, common area electric, and public water/sewer service. Tenants also have access to private coin operated laundry area. Each apartment features hardwood floors throughout, full modern kitchen, and spacious ceramic tiled bathroom with full sized tub/shower. Apartments #2nd Front and #2nd Rear each open onto separate private terraces. The #1st Front apartment is a bi level unit currently occupied as 1 Bedroom plus Den Suite. The 1st Rear apartment , currently occupied as a two (+) bedroom suite, is a bi level apartment with a direct entry to the spacious private side/rear concrete patio. The 1st Rear apartment was-(is) designed as a 3 bedroom suite with the further opportunity to be incorporated by direct entry with the Owners Office Suite -(door frame is already in place). The location of the Owner's Private office (two rooms + full bathroom/kitchen) Suite provides the opportunity to be joined with the 1st Rear bi level apartment to create a possible 5+ bedroom apartment. Please refer to the enclosed rent roll and fixed expense schedule. AFTER reviewing the enclosed Photos, Rent Roll and Fixed Financial Cost Schedule a financially qualified buyer may schedule a private tour of the grounds, the public areas of the building including the hallways, entry foyer, the utility areas plus the owner's office suite.