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3861 Fairmount Avenue

Philadelphia, PA 19104

– beds
– baths
4,200 sqft
1,440 sqft lot
$205 per sqft
2024 build

UNIT #1 WAS RENTED @ 2100 $. UNIT #2 WAS RENTED @1900$ Welcome to FAIRMOUNT AVE TRIPLEX'' in one of the strongest rental and investment markets. Don't miss the incredible investment opportunity located in walking proximity to Drexel University and UPENN. This triplex offers three (3) luxury condo-style spacious and tastefully designed apartments featuring rustic flooring, stainless-steel appliances, and tons of square footage. Unit #1 is a 3 Bed, 3 Baths WHICH WAS RENTED AT $ 2100. Units #2 is 2 Bed, 2 Baths. Unit# 3 is 2 Bed, 2 Baths AND TOP DECK WAS RENTED @ 1900$. Each unit includes a large open-concept common space, upgraded kitchen, and extremely spacious bedrooms with accompanying closets and bathrooms! Unit 1 is accompanied by a good-size back patio. All units are on their own meter for gas and electric, and each have their own gas furnaces, water heaters, and include washer and dryers. This property is ideal for Drexel students, medical professionals, and university staff due to its proximity to Drexel University and Penn Presbyterian hospital. With an abundance of public transportation as well as the proximity to Downtown PhiladelphiA. This amazing Triplex gets a Walkscore of 87 out of 100, a 62 out of 100 for transit, and 95 out of 100 for the bikers. This property is located near dozens of restaurants, cafes, and bars. There is no shortage of eateries nearby. Along Lancaster Ave, find many different boutiques and stores within a walking distance! This property is not to be missed, contact Philly Home Advisors today to learn more about this incredible investment opportunity! This potential money machine apartment 's predicted income will be about 6000$ in a month. 10 YEARS TAX ABATEMENT is processed and 1 YEAR BUILDER WARRANTY. Opportunity knocks the door for investors !.

Listing courtesy of BRIGHT / HomeSmart Realty Advisors

Last checked: Checking… • Last updated Nov 14, 2024 •

MLS# PAPH2417566 —

The Building

Year Built:

2024
Year Built Source:

Estimated
New Construction:

Yes
Construction Materials:

Brick, Aluminum Siding
Construction Completed:

Yes
Building Units Total:

3
Structure Type:

Other
Architectural Style:

Contemporary
Accessibility Features:

None
Basement:

Yes
Basement Type:

Fully Finished
Total SqFt Source:

Estimated
Total Below Grade SqFt Source:

Assessor

Interior

Room Count:

7
Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

4200
Living Area SqFt:

4,200 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Immediate

Location

Directions:

GPS
Latitude:

39.96570000
Longitude:

-75.19968000

The Property

Property Type:

Multi-Family
Property Subtype:

Triplex
Property Condition:

Excellent
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Assessor
Lot Size Dimensions:

16.00 x 90.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,440 Sqft
Zoning:

RM-1
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

243014800
Tax Year:

2024
Tax Annual Amount:

$510
Tax Assessed Value:

$47,000
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

90% Forced Air
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

60+ Gallon Tank
Water Source:

None

Schools

School District Name:

The School District Of Philadelphia
School District Source:

Listing Agent

The Community

Subdivision Name:

University City
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

None

Extra Units

Vacation Rental:

No
Two Bedroom Units:

2
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/6/24 Nov 6, 2024	Listed / Active	BRIGHT	$865,000

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This multifamily located in West Philadelphia, Philadelphia, PA 19104 is currently for sale for $865,000. 3861 Fairmount Avenue is a 4,200 square foot multifamily with – beds and – baths. 3861 Fairmount Avenue is in the West Philadelphia neighborhood of Philadelphia and has a WalkScore® of 64, making it somewhat walkable. This multifamily is in the attendance area of Morton Mcmichael School and West Philadelphia High School.

Listing Courtesy of: BRIGHT and HomeSmart Realty Advisors.

The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. 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.