3836 FAIRMOUNT AVE new to site Save Request In-Person Tour Request Virtual Tour
Philadelphia,PA 19104
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
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