Property
Beds
None
Full Baths
1
1/2 Baths
None
Year Built
1900
Sq.Footage
319
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 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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
1
-
Above Grade Finished Area
319.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Central Air
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Radiant
-
Pet friendly
Number Limit, Breed Restrictions, Yes
Exterior
-
Garage
No
-
Parking
None
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
-
View
City
Area & Lot
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
Other
Price
-
Sales Price
$100,000
-
Tax Amount
1287.0
-
Sq. Footage
319
-
Price/SqFt
$313
HOA
-
Association
Yes
-
Association Fee 2
$520
-
Association Fee 2 Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Accessibility Features
Accessible Elevator Installed
-
Association Amenities
Fitness Center, Meeting Room, Elevator(s), Laundry
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
582
-
Water Source
Public
Schedule a Showing
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of William B Spinner , Real Broker, LLC
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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