Homes for sale - 3836 FAIRMOUNT AVE, Philadelphia, PA 19104

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Mary Palma

mary@marypalma.com +1(571) 259-3009

$ 259,999

Est. payment -/mo

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Under Contract

3836 FAIRMOUNT AVE Philadelphia, PA 19104

1,827 SqFt

UPDATED:

12/20/2024 02:28 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Under Contract

Purchase Type For Sale

Square Footage 1,827 sqft

Price per Sqft $142

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

Both Triplexes Just Repriced! Incredible Investment Opportunity: Two Side-by-Side Triplexes in the Heart of West Philly's 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 diamond's 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. Here's 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!

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

Listed by Katherine Vail • Elfant Wissahickon-Rittenhouse Square

Mary Palma

Broker | License ID: 0225079781

+1(571) 259-3009

Mary Palma

3836 FAIRMOUNT AVE Philadelphia, PA 19104

Key Details

Location

Interior

Exterior

Building

Schools

Others

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3836 FAIRMOUNT AVE