Active
1926 Spring Garden Street
Philadelphia PA, 19130
$1,450,000
$263.64 per sqft
Active
5,500 sqft
Commercial
Built in 1925
Welcome to a rare opportunity to own a piece of history in one of Philadelphia's most sought-after neighborhoods! This six-unit historic condo building exudes charm and character, offering a unique blend of historic architecture, modern amenities, and a prime location. Nestled in the vibrant Art Museum area, this property enjoys proximity to world-class museums, iconic landmarks such as the Philadelphia Museum of Art and the Barnes Foundation, trendy restaurants, cafes, and boutique shops. With easy access to public transportation and major highways, residents enjoy the convenience of city living at its finest. Built with timeless elegance, this historic condo building pays homage to its storied past. Each unit within the building offers a unique living experience, with spacious layouts and abundant natural light. Modern conveniences abound, including fully equipped kitchens with stainless steel appliances, cozy living areas, and in-unit washer/dryer for added convenience.
This building is more than half occupied , providing an immediate source of rental income for investors or a solution for those seeking to enjoy the benefits of city living. Annual income capacity 120-130K. Also, each unit is deeded separately as a condominium but are currently being rented. Tenants relish in the charm of their individual units while indulging in the vibrant neighborhood atmosphere. The top floor unit presents an exciting opportunity for additional income as an Airbnb rental. With its prime location and well-appointed amenities, this unit offers guests a comfortable retreat in the heart of Philadelphia's cultural hub, making it a lucrative investment opportunity for savvy buyers. Residents of the building enjoy access to a beautiful quaint shared courtyard, perfect for outdoor gatherings, al fresco dining, or simply enjoying a bit of tranquility. Current rental income from the occupied units provides a stable foundation for investors, with the potential for increased revenue through short-term rentals or future appreciation in property value. Schedule your private showing today and discover the timeless allure of this historic condo building in the heart of the Art Museum area. Whether you're seeking an investment opportunity or a place to call home, this property offers the best of Philadelphia living.
PAPH2346784
MLSⓇ ID
July 11, 2024
Listed
February 28, 2025
Updated
Interior Features
Total Stories
3
Floor Description
Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.01 Acres
Sewer
Public Sewer
Other Property Details
Area Name
PHILADELPHIA
Taxes
$21,930
Tax Frequency
Annually
Days on Market
175
Garage
No
Parking Total
1
View
No
County
PHILADELPHIA
Water Source
Public
Utilities
Natural Gas Available
Zoning
All units are deeded separately as condos. There is no single tax ID number as all condos have individual numbers.
Listed by KW Empower
Listing Contact: 7177810631
The IDX display contains information sourced from the Bright MLS, Inc. as of 2/28/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 2/28/2025 at 8:14 PM UTC