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3836 Fairmount Avenue

PHILADELPHIA, PA 19104
  • $275,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: PAPH2421254
UPDATED: 94 min ago
$275,000
  • 0
    BEDS
  • 0.03
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,827
    SQFT
  • $151
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

School District:

Description

Incredible Investment Opportunity: Two Side-by-Side Triplexes in the Heart of West Phillys Booming Mantua Neighborhood for under $300,000 each! 3834 and 3836 Fairmount offer a rare chance to own two triplexes in one of Philadelphia's most rapidly developing neighborhoods"Mantua. Located just minutes from the University of Pennsylvania and Drexel University, this area is undergoing tremendous growth, with new construction projects and vacant lots that are quickly being transformed into high-demand properties. This is your opportunity to invest in a prime location with tremendous potential for long-term appreciation. These triplexes are a diamonds in the rough, ready for you to add value and reap the rewards. While some upgrades are needed, the current owner has already begun renovations, giving you a head start on the work. Act quickly"this is your chance to step in, complete the improvements, and unlock significant rental income potential. Heres a breakdown of the units: First Floor: A spacious 2-bedroom, 1-bath unit currently occupied by a long-term tenant. It features a living room, two bedrooms, a kitchen, basement access, and a private backyard. This unit is already generating rental income, making it an instant asset. Second Floor: A renovated 1-bedroom, 1-bath unit with a large bedroom, new vinyl flooring, and fresh paint. The kitchen is compact, but the space is flexible and can be reimagined to maximize rental value. The bathroom is conveniently located in the hallway. Third Floor: A 1-bedroom, 1-bath unit with a large kitchen and bathroom that needs some updates. With a bit of work, this space could be a desirable rental unit and boost your overall income potential. The second and third-floor units are currently vacant, offering you the opportunity to customize and renovate them to increase rental value and select your own tenants. The dry basement provides additional storage space and houses utilities, with the potential to add a washer/dryer to increase income for the first-floor unit. The backyard offers more opportunities for outdoor development or even future expansion. With the area's ongoing revitalization, this is a rare chance to own two side-by-side triplexes and take advantage of the rapid appreciation happening all around you. This property is perfect for an investor with vision"complete the renovations, raise rents, and watch the value soar. Don't miss out on this unique opportunity! Schedule a showing today before it's gone!

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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 The Lisa Mathena Group. 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: 2024-12-12T23:51:15.22.
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3836 Fairmount Avenue PHILADELPHIA, PA 19104

  • Price: $275,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 94 min ago
  • ID#: PAPH2421254
0
Beds
0
Baths
0
½ Baths
0.03
Acres
1,827
SQFT
$151
$/SQFT
1915
Built
Neighborhood:
Mantua
County:
Philadelphia
Area:
19104 (19104)
School District:
Philadelphia City
Property Description
Incredible Investment Opportunity: Two Side-by-Side Triplexes in the Heart of West Phillys Booming Mantua Neighborhood for under $300,000 each! 3834 and 3836 Fairmount offer a rare chance to own two triplexes in one of Philadelphia's most rapidly developing neighborhoods"Mantua. Located just minutes from the University of Pennsylvania and Drexel University, this area is undergoing tremendous growth, with new construction projects and vacant lots that are quickly being transformed into high-demand properties. This is your opportunity to invest in a prime location with tremendous potential for long-term appreciation. These triplexes are a diamonds in the rough, ready for you to add value and reap the rewards. While some upgrades are needed, the current owner has already begun renovations, giving you a head start on the work. Act quickly"this is your chance to step in, complete the improvements, and unlock significant rental income potential. Heres a breakdown of the units: First Floor: A spacious 2-bedroom, 1-bath unit currently occupied by a long-term tenant. It features a living room, two bedrooms, a kitchen, basement access, and a private backyard. This unit is already generating rental income, making it an instant asset. Second Floor: A renovated 1-bedroom, 1-bath unit with a large bedroom, new vinyl flooring, and fresh paint. The kitchen is compact, but the space is flexible and can be reimagined to maximize rental value. The bathroom is conveniently located in the hallway. Third Floor: A 1-bedroom, 1-bath unit with a large kitchen and bathroom that needs some updates. With a bit of work, this space could be a desirable rental unit and boost your overall income potential. The second and third-floor units are currently vacant, offering you the opportunity to customize and renovate them to increase rental value and select your own tenants. The dry basement provides additional storage space and houses utilities, with the potential to add a washer/dryer to increase income for the first-floor unit. The backyard offers more opportunities for outdoor development or even future expansion. With the area's ongoing revitalization, this is a rare chance to own two side-by-side triplexes and take advantage of the rapid appreciation happening all around you. This property is perfect for an investor with vision"complete the renovations, raise rents, and watch the value soar. Don't miss out on this unique opportunity! Schedule a showing today before it's gone!
Exterior Features

Architectural Style Dwelling with RentalVictorian 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 1827 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Fireplace YN No Flooring Solid HardwoodVinyl Heating Baseboard - ElectricBaseboard - Hot Water Heating YN Yes 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 Electric Municipality PHILADELPHIA Navigable Water YN N New Construction YN No Number Of Units Leased 1 Number Of Units Total 3 Number Of Units Vacant 2 Original MLSNumber 803491083996 Owner Pays Water 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 4589.00 Tax Lot 411 Total Actual Rent 11700.00 Vacation Rental YN No Water Source Public Year Built Effective 2023 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 The Lisa Mathena Group. 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: 2024-12-12T23:51:15.22.
 
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