5320 Spruce Street
Description
Unit 1 (First Floor): Spacious 2-bedroom, 1-bathroom apartment. Ideal for comfortable living or renting to generate immediate income. Unit 2 (Bi-Level, Second & Third...Prime Investment Opportunity in Cobbs Creek – Build a Multi-Unit Income Property! Welcome to an exceptional vacant lot with an approved variance for a two-unit building. Located in the vibrant Cobbs Creek neighborhood, this property offers tremendous flexibility and income potential for investors or homeowners alike. Property Highlights:
Unit 1 (First Floor): Spacious 2-bedroom, 1-bathroom apartment. Ideal for comfortable living or renting to generate immediate income. Unit 2 (Bi-Level, Second & Third Floors): Stunning 3-bedroom, 2-bathroom apartment with plenty of space and privacy. Perfect for a larger family or high-end rental. Multiple Options: Live in one unit and rent out the other, rent both for steady cash flow, or take advantage of the opportunity to convert them into individual condos and sell for a premium. Location Perks:
Just steps away from the 42 Bus line, offering a quick 10-minute ride to University of Pennsylvania and the Hospital of the University of Pennsylvania (HUP). Easy access to local amenities, parks, and shops in the Cobbs Creek area. This is a rare chance to build in an appreciating neighborhood and design your perfect income-generating property. Whether you're looking to hold for rental income or sell as condos, this property has endless potential. Don’t miss out on this incredible opportunity!
- Listed by Malik T Carter • Realty ONE Group FocusP: (215)-868-5768 carter.malik@gmail.com
Property Details for 5320 Spruce Street
Property Details for 5320 Spruce Street
| Status | Active |
|---|---|
| MLS # | PAPH2408086 |
| Days on Market | 46 |
| Taxes | $204 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Land |
| MLS Type | Land / Fee Simple |
| Year Built | - |
| Lot Size | 0.03 AC |
| County | Philadelphia County |
Building Information for 5320 Spruce Street
Property Information for 5320 Spruce Street
- School District Name: PHILADELPHIA CITY
- School District County ID: 803408593408
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19139 (19139)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Tax Year: 2024
- Tax Assessed Value: $14,600
- Year Assessed: 2024
- County Tax: $0
- Improvement Assessed Value: $0
- City Town Tax: $89
- Clean Green Assessed: No
- Land Use Code: SR
- Zoning: RSA3
- Tax Lot: 108
- School Tax: $114
- Automatically Update Tax Values Y/N: Yes
- Farm Land Preservation Y/N: No
- Lot Size Source: Assessor
- Lot Size Dimensions: 19.00 x 79.00
- Lot Dimensions Source: Assessor
- Current Use: Multi Residential
- Parcel ID: 1325849
- Additional Parcels: No
- Water Source: Public
- Sewer Septic: Public Sewer
Property History for 5320 Spruce Street
| Date | Event & Source | Price | Appreciation |
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| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5320 Spruce Street
Schools near 5320 Spruce Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Charter - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Global Leadership Academy Charter Southwest A CharterK to 8 | ||
Sayre William L Middle School Public9 to 12 | ||
The Workshop School Public9 to 12 | ||
Parkway West Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Realty ONE Group Focus
Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.