PROPERTY DESCRIPTION
Investment Opportunity 5426 Spruce St, Philadelphia! This 3-bedroom, 2-bath interior rowhome is presently configured with two separate residential living areas and is being used in that manner. Features include updated kitchens and bathrooms, over-the-range microwaves, new refrigerators, new second-floor carpeting, and separate heat and electric service. Seller reports current gross rental income of $1,610 per month ($19,320 annually). At the current asking price, the reported gross rent multiplier is approximately 8.79. Philadelphia public records and historical rental licenses identify one dwelling unit. The legal status of the additional living area has not been verified. Seller makes no representation that the property is a legally established duplex or two-family dwelling. Buyer must independently verify zoning, permitted use, occupancy, licensing and the feasibility of continued use with Philadelphia L&I. Property is being sold in its present configuration.