About 5320 Spruce St
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!
