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!
Property Details
Property Features
Listing Office:
Office Name: Realty ONE Group Focus
Office Phone: (484) 500-1681
Listing Agent: Malik T Carter
Lot Features
Lot Information:
Lot Size: 0.03 Acres
Other
Directions Information:
Directions: West on Spruce
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $75,000
Tax Information:
Annual Amount: $204
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $186.8K less than the Median Sold Price in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2408086
Listing Office:
Office Name: Realty ONE Group Focus
Office Phone: (484) 500-1681
Listing Agent: Malik T Carter
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. 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. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$442
Per Month
Principal & Interest
$375
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$291
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Universal Institute Charter School at Bluford
5801 Media St
Distance between this listing and this school1.38 miles
Public Charter Grades KG-6
3
/10
Stonehurst Hills Elementary School
7051 Ruskin Ln
Distance between this listing and this school1.58 miles
Public District Grades KG-5
3
/10
Inquiry Charter School
1301 Belmont Ave
Distance between this listing and this school1.64 miles
Public Charter Grades PK-5
Nearby Schools
4
/10
Global Leadership Academy Charter School Southwest a
5200 Pine St
Distance between this listing and this school0.14 miles
Public Charter Grades KG-8
3
/10
Andrew Hamilton School
5640 Spruce St
Distance between this listing and this school0.36 miles
Public District Grades KG-8
2
/10
Avery D. Harrington School
5300 Baltimore Ave # 34
Distance between this listing and this school0.51 miles
Public District Grades KG-8
Nearby Schools
4
/10
Boys Latin of Philadelphia Charter School
5501 Cedar Ave
Distance between this listing and this school0.31 miles
Public Charter Grades 6-12
3
/10
The Workshop School
221 S Hanson St
Distance between this listing and this school0.54 miles
Public Magnet Grades 9-12
2
/10
West Philadelphia High School
4901 Chestnut St
Distance between this listing and this school0.55 miles
The neighbors living near this home have an average income of $30,135. Most Philadelphia, PA residents have annual incomes less than $35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5320 Spruce St
What is the listing price of this property?
The listing price of 5320 Spruce St property is $75,000.
What type of property is this?
The property 5320 Spruce St is land located in Philadelphia, Pennsylvania, 19139.
Is this property for sale now?
Active Listing: 5320 Spruce St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $204 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 5320 Spruce St in Philadelphia, PA and zip code 19139 in the Cobbs Creek neighborhood. This home sits on a 0.03 acre lot. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $75,000.
Over 252 listings were sold over their listed price in October 2024 in Philadelphia, PA. In the same period over 567 listings were sold below the listed price and 237 listings were sold for the listed price. The number of listings in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. In October 2024 median list price was $261,807 and the average listing age was 44 days.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
Pro Boxing
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Burlington
H&M
Foot Locker
White Castle
Popeyes
Little Caesars
Kia
Nissan
Dodge
Urban Adult Contemporary
Rhythmic Contemporary Hits