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3834 Fairmount Avenue

PHILADELPHIA, PA 19104
  • $275,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: PAPH2421250
$275,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,635
    SQFT
  • $168
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

School District:

Description

3834 and 3836 Fairmount present a rare opportunity to own two side-by-side triplexes in the up-and-coming Mantua neighborhood of West Philly. Located near U Penn and Drexel, this area is seeing rapid development with new construction and vacant lots, making it a prime location for long-term investment and potential for quick appreciation.These triplexes need some additional upgrades, but the current owner has already started renovations, so you can step in and finish the work. The first floor unit is a 2-bedroom, 1-bath unit includes basement and backyard access. Its the largest unit in the building, with a living room and two bedrooms separated by the kitchen. The current tenant handles on-site repairs in exchange for reduced rent and is willing to stay. The second floor features a renovated 1-bedroom, 1-bath unit with a smaller kitchen and a large bedroom. It also features new vinyl flooring and fresh paint. The renovated bathroom can be accessed through the hallway. The layout is unique and could be redesigned to improve rental value or left as is"your choice. The third unit is on the 3rd floor and has a 1-bedroom, 1-bath unit has a large kitchen and bathroom but needs some TLC. New flooring, and a bathroom and kitchen redesign could bring the unit up to market standards and increase rental income. The dry basement includes utilities, extra storage space, and the potential to add a washer/dryer, which could increase rental income for the first-floor unit. The backyard could is a blank slate for any future owner. This triplex offers great potential for appreciation and rental income, making it a solid investment for the right buyer. Take a look!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. 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. Data last updated: 2024-12-05T23:51:17.067.
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3834 Fairmount Avenue PHILADELPHIA, PA 19104

  • Price: $275,000
  • Status: Active
  • On Site: 15 Days
  • ID#: PAPH2421250
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1,635
SQFT
$168
$/SQFT
1915
Built
Neighborhood:
Mantua
County:
Philadelphia
Area:
19104 (19104)
School District:
Philadelphia City
Property Description
3834 and 3836 Fairmount present a rare opportunity to own two side-by-side triplexes in the up-and-coming Mantua neighborhood of West Philly. Located near U Penn and Drexel, this area is seeing rapid development with new construction and vacant lots, making it a prime location for long-term investment and potential for quick appreciation.These triplexes need some additional upgrades, but the current owner has already started renovations, so you can step in and finish the work. The first floor unit is a 2-bedroom, 1-bath unit includes basement and backyard access. Its the largest unit in the building, with a living room and two bedrooms separated by the kitchen. The current tenant handles on-site repairs in exchange for reduced rent and is willing to stay. The second floor features a renovated 1-bedroom, 1-bath unit with a smaller kitchen and a large bedroom. It also features new vinyl flooring and fresh paint. The renovated bathroom can be accessed through the hallway. The layout is unique and could be redesigned to improve rental value or left as is"your choice. The third unit is on the 3rd floor and has a 1-bedroom, 1-bath unit has a large kitchen and bathroom but needs some TLC. New flooring, and a bathroom and kitchen redesign could bring the unit up to market standards and increase rental income. The dry basement includes utilities, extra storage space, and the potential to add a washer/dryer, which could increase rental income for the first-floor unit. The backyard could is a blank slate for any future owner. This triplex offers great potential for appreciation and rental income, making it a solid investment for the right buyer. Take a look!
Exterior Features

Architectural Style VictorianDwelling with Rental Construction Materials Masonry Garage YN No Parking Types On Street Pool No Pool Property Condition Average Roof Flat Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1635 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Fireplace YN No Flooring HardwoodLaminatedSolid HardwoodTile/BrickVinylWood Heating Baseboard - Electric Heating YN Yes Inclusions appliances not owned by tenants Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1 Walls Ceilings Dry Wall

Property Features

Acceptable Financing ConventionalCash Accessibility Features None Central Air YN No Cooling Fuel Electric Electric 200+ Amp Service Existing Lease Type Month to Month Foundation Details Brick/Mortar Heating Fuel Electric Hot Water Natural Gas Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 3 Number Of Units Vacant 1 Original MLSNumber 803491080078 Owner Pays WaterCommon Area MaintenanceInsurancePest ControlSewer MaintenanceSnow RemovalTaxes - Real Estate Ownership Interest Fee Simple Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 4200.00 Tax Lot 256 Total Actual Rent 20100.00 Vacation Rental YN No Water Source Public Zoning RSA5

Listing courtesy of Elfant Wissahickon-Rittenhouse Square: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ROSS | RESIDENTIAL | RE/MAX Realty Services. 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. Data last updated: 2024-12-05T23:51:17.067.
 
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