Skip To Content
    Return to Previous Page

    1017 Spruce Street

    COLLINGDALE, PA 19023
    • $185,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: PADE537946
    UPDATED: 17 min ago
    $185,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,491
      SQFT
    • $124
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    School District:

    Description

    Your chance to buy a duplex, add value, and potentially live for little to no rent is here! Over-under style duplex with completely remodeled upstairs unit, and downstairs unit ready for remodel. Upstairs received all new flooring, new drywall, paint, new wiring, new plumbing, countertops, and bathroom in mid 2020. It is currently leased for $1,050/month. Downstairs was leased for $1,100 in current condition before the tenant moved out. It will not take much to get back into rentable shape. The building has received a new roof and siding in 2019, many plumbing upgrades in the basement, and plenty more upgrades. All utilities are paid by tenants, thanks to some recent upgrades to the utility systems and private water meters. Professional management in place and ready to transfer to new ownership if desired. On top of all of that, the building was recently reassessed, and subsequently appealed to a significantly lower assessment, resulting in much lower cost of ownership. See documents for official letter, and assessment portion of listing. You don't want to miss this. Multi family properties with both value-add opportunity AND in place tenants don't come around very often, and we expect this to move quickly at this price.

    Monthly Payment Calculator



    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-04T10:53:28.787.
    www.tomtoole.com/homes/113310232
    Print Image

    1017 Spruce Street COLLINGDALE, PA 19023

    • Price: $185,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: PADE537946
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,491
    SQFT
    $124
    $/SQFT
    1920
    Built
    Neighborhood:
    Collingdale Boro (10411)
    County:
    Delaware
    Area:
    Collingdale Boro (10411)
    School District:
    Southeast Delco
    Property Description
    Your chance to buy a duplex, add value, and potentially live for little to no rent is here! Over-under style duplex with completely remodeled upstairs unit, and downstairs unit ready for remodel. Upstairs received all new flooring, new drywall, paint, new wiring, new plumbing, countertops, and bathroom in mid 2020. It is currently leased for $1,050/month. Downstairs was leased for $1,100 in current condition before the tenant moved out. It will not take much to get back into rentable shape. The building has received a new roof and siding in 2019, many plumbing upgrades in the basement, and plenty more upgrades. All utilities are paid by tenants, thanks to some recent upgrades to the utility systems and private water meters. Professional management in place and ready to transfer to new ownership if desired. On top of all of that, the building was recently reassessed, and subsequently appealed to a significantly lower assessment, resulting in much lower cost of ownership. See documents for official letter, and assessment portion of listing. You don't want to miss this. Multi family properties with both value-add opportunity AND in place tenants don't come around very often, and we expect this to move quickly at this price.
    Exterior Features

    Architectural Style Colonial Construction Materials Frame Garage YN No Other Structures Above GradeBelow Grade Parking Features Asphalt Driveway Parking Types Off StreetOn Street Pool No Pool Riparian Rights YN No Roof Architectural Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 1491 Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(S) Exclusions All Tenant Belongings Fireplaces Total 1 Heating Hot Water Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

    Property Features

    Acceptable Financing CashConventional Accessibility Features None Assessment Year 2021 Association YN No Central Air YN No Cooling Fuel Electric Existing Lease Type Long Term Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Collingdale Boro Navigable Water YN N New Construction YN No Number Of Units Leased 1 Number Of Units Total 2 Number Of Units Vacant 1 Operating Expense Includes Snow Removal Original MLSNumber 304447342666 Owner Pays Common Area MaintenanceSnow Removal Ownership Interest Fee Simple Possession Immediate Property Sub Type Duplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 4211.00 Tax Assessment Amount 53500.00 Tax Lot 542-000 Total Actual Rent 27000.00 Vacation Rental YN No Water Source Public Zoning R2

    Listing courtesy of Vanguard Realty Alliance Llc.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Main Line. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-04T10:53:28.787.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304447342666-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304447342666-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304447342666-2.jpg
    Logo
    RE/MAX Main Line
    1646 West Chester Pike, Suite 2
    West Chester PA, 19382