3834 FAIRMOUNT AVE, Philadelphia, PA 19104 - MLS#PAPH2421250

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First Coast Realty

info@olsonrealty.net +1(302) 448-6000

$259,999

Est. payment - /mo

1,635 SqFt

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UPDATED:

12/20/2024 02:27 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Under Contract

Purchase Type For Sale

Square Footage 1,635 sqft

Price per Sqft $159

Subdivision Mantua

MLS Listing ID PAPH2421250

Style Victorian,Dwelling with Rental

Abv Grd Liv Area 1,635

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $4,200

Tax Year 2024

Lot Size 1,395 Sqft

Acres 0.03

Lot Dimensions 16.00 x 90.00

Property Description

Both Triplexes Just Repriced! 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. It's 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!

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RSA5

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

Cooling Window Unit(s)

Flooring Hardwood, Laminated, Solid Hardwood, Tile/Brick, Vinyl, Wood

Inclusions appliances not owned by tenants

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 Victorian, Dwelling with Rental

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 242125800

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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First Coast Realty

+1(302) 448-6000

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