3836 FAIRMOUNT AVE, Philadelphia, PA 19104 - MLS#PAPH2421254

Philadelphia, PA 19104,3836 FAIRMOUNT AVE

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Adam Ferst

[email protected] +1(202) 421-5500

$275,000

Est. payment - /mo

1,827 SqFt

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UPDATED:

11/20/2024 08:44 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,827 sqft

Price per Sqft $150

Subdivision Mantua

MLS Listing ID PAPH2421254

Style Dwelling with Rental,Victorian

Abv Grd Liv Area 1,827

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $4,589

Tax Year 2024

Lot Size 1,395 Sqft

Acres 0.03

Lot Dimensions 16.00 x 90.00

Property Description

3834 and 3836 Fairmount offer a unique opportunity to own two side-by-side triplexes in the rapidly developing Mantua neighborhood of West Philly, close to U Penn and Drexel. This area is experiencing significant growth with new construction and vacant lots, making it an ideal location for long-term investment and potential appreciation. While the triplexes require some additional upgrades, the current owner has already started renovations, allowing you to step in and complete the work. The first floor is occupied with a long term tenant and is spacious 2-bedroom, 1-bath unit with basement and backyard access. It features a living room and two bedrooms separated by the kitchen. The second floor has a spacious and renovated 1-bedroom, 1-bath unit with a smaller kitchen and a large bedroom, along with new vinyl flooring and fresh paint. The bathroom is accessible from the hallway. The layout is flexible and could be redesigned to increase rental value. The third floor features a 1-bedroom, 1-bath unit with a large kitchen and bathroom, needing some updates to meet market standards.The second and third-floor units are currently vacant, giving you the opportunity to renovate for higher rental income and select your own tenants. The dry basement includes utilities, additional storage, and the potential to add a washer/dryer, which could increase rental income for the first-floor unit. The backyard offers additional possibilities for future development.This triplex presents great potential for appreciation and rental income, making it an excellent investment for the right buyer. Don’t miss out—take a look!

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RSA5

Interior

Hot Water Electric

Heating Baseboard - Electric, Baseboard - Hot Water

Cooling Window Unit(s)

Flooring Solid Hardwood, Vinyl

Fireplace N

Heat Source Electric

Exterior

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Dwelling with Rental, Victorian

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 242125900

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

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Listed by Katherine Vail • Elfant Wissahickon-Rittenhouse Square

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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