Investment Opportunity - 1324 Locust St #1422 | The Arts Condominium | Center City Philadelphia Add a turnkey, low-maintenance asset to your portfolio in the beautifully renovated Arts Condominium, ideally positioned on Philadelphia's iconic Avenue of the Arts. This well-maintained studio condo offers strong rental appeal for medical, university, and… Read More Center City professionals seeking convenience, security, and all-in living. Current income profile: the unit is newly occupied with rent at $980/month + $120 utilities = $1,100/month total collected. Investors will appreciate one of the building's biggest value drivers: the monthly condo fee includes all utilities and core services, covering electric, gas, water, sewer, heat, A/C, DirectTV, trash removal, pest control, fitness center access, and common area maintenance - simplifying monthly budgeting and enhancing tenant retention. Inside, the unit features high ceilings, abundant natural light, and sweeping skyline and river views, a combination that consistently performs well in the rental market. Full-service building amenities support long-term desirability and hands-off ownership, including a newly remodeled Art Deco grand lobby, 24-hour concierge, controlled access, fitness center, laundry facilities, new elevators, and professional on-site management. Location is the demand engine. The condo sits steps from major employment and education hubs including Jefferson Hospital, Pennsylvania Hospital, Thomas Jefferson University, and the city's arts and entertainment anchors like the Kimmel Center, Merriam Theater, and the Academy of Music, plus quick access to Rittenhouse Square, dining, shopping, and multiple public transit options. Whether you're targeting stable occupancy, a Center City rental, or a plug-and-play holding, Unit #1422 offers an efficient path to owning in one of Philadelphia's most recognizable buildings. Schedule a private showing today. Read Less
Courtesy of William B Spinner, Real Broker, LLC 856-240-1072
Listing Snapshot
Days Online
75
Last Updated
Property Type
Condominium
Full Baths
1
Square Ft.
319
Year Built
1900
MLS Number
PAPH2541758
Additional Details
Appliances & Equipment
Cooktop, Refrigerator
Building
Built in 1900, Living area: 319, Levels: 1, Construction Materials: Masonry
Cooling
Central A/C
Accessibility Features
Elevator
Heating
Radiant
Home Owner's Association
Fee Includes: High Speed Internet, Electricity, Health Club, Heat, Common Area Maintenance, Trash, Sewer, Water, Amenities: Bar/Lounge, Elevator, Exercise Room, Fitness Center, Laundry Facilities, Meeting Room
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