16 E Springer St, Philadelphia, PA 19119

Rarely offered, Beautiful 1880's Grain Mill Building converted in three (3) apartments with a huge adjoining/attached garage-warehouse studio space, with overhead garage door and driveway. All three (3) apartments, tastefully renovated, each with huge light-filled 6 over 6 muntins (aka montant) windows in each unit. All apartments are 2 Bedroom 1 bath approximately 1200 sf each, and in excellent condition with Central Air Conditioning, in-unit private laundry, recently refinished original wood plank flooring. Open floor plan layout. Ideally configured with a living room, dining area, Island Kitchen. All separate utilities-tenants pay HVAC, electric, gas domestic hot water. Bonus and not currently leased (owner occupied) projected rent $1500- large commercial grade ware house- studio space, includes separate gas fired hot water heat-radiators, separate electric meter, toilet and work/wash tub area. Concrete slab floor, high 13' ceiling height, large overhead garage door-very secure. Gross yearly rental income ($72,000) includes projected garage/studio space rent of $1500 per month. Yearly expenses range in the low to mid $20,000's and include owner paying RE Taxes, Building Insurance, Trash Tax, Fire/Smoke Alarm fee, Maintenance and Repairs. Would make a fabulous investment or even some mixture of an owner occupied situation. 24 HOUR NOTICE for showings. All showings through agent.