Description
The exclusive sale of a 2 building value-add apartment building portfolio. The sale includes 1009 Spruce St., a building with 5 residential units and 1 commercial unit, and 1011 Spruce St., a building with 6 residential units. The properties present a fantastic value add opportunity as a buyer can increase rents by updating kitchens, bathrooms and building common areas. Located in Washington Square West, one ofPhiladelphia+GGs premier neighborhoods, the properties are in close proximity to many restaurants, shops, Thomas Jefferson University Hospital and Center City.The Properties:+G- 1009 Spruce Street Street (5 Residential Units + 1 Commercial Unit) & 1011 Spruce Street (6 Residential Units)The Opportunity:+G- 12-unit value add apartment portfolio+G- High barrier of entry location in one of Philadelphia+GGs most highly-sought after neighborhoods+G- A value-add opportunity: A new owner may obtain rental increases by upgrading kitchens, baths, and common areas.+G- 1011 Spruce Street is a contributing property on the Philadelphia Historical RegisterThe Location:+G- Walk To Work/Transit Friendly+G- Outstanding neighborhood amenities conducive to today+GGs +G+live-work-play+G- tenants+G- Excellent demographics: Center City core average household income more than $100,000+G- Occupancy History: Washington Square West market 94% To 98% with occupancy
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Description
The exclusive sale of a 2 building value-add apartment building portfolio. The sale includes 1009 Spruce St., a building with 5 residential units and 1 commercial unit, and 1011 Spruce St., a building with 6 residential units. The properties present a fantastic value add opportunity as a buyer can increase rents by updating kitchens, bathrooms and building common areas. Located in Washington Square West, one ofPhiladelphia+GGs premier neighborhoods, the properties are in close proximity to many restaurants, shops, Thomas Jefferson University Hospital and Center City.The Properties:+G- 1009 Spruce Street Street (5 Residential Units + 1 Commercial Unit) & 1011 Spruce Street (6 Residential Units)The Opportunity:+G- 12-unit value add apartment portfolio+G- High barrier of entry location in one of Philadelphia+GGs most highly-sought after neighborhoods+G- A value-add opportunity: A new owner may obtain rental increases by upgrading kitchens, baths, and common areas.+G- 1011 Spruce Street is a contributing property on the Philadelphia Historical RegisterThe Location:+G- Walk To Work/Transit Friendly+G- Outstanding neighborhood amenities conducive to today+GGs +G+live-work-play+G- tenants+G- Excellent demographics: Center City core average household income more than $100,000+G- Occupancy History: Washington Square West market 94% To 98% with occupancy
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