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3834 Fairmount Ave
For Sale $275,000 ($168.20 per Sq Ft)
$275,000 ($168.20 per Sq Ft)
- Unknown Bedrooms
- Unknown Bathrooms
- 1,635 Sq Ft
- 1,395 Sq Ft
Description
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!
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $275,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 1,635 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1915 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 242125800 |
| MLS # | PAPH2421250 |
| Property ID | 320193843 |
| Lot Sqft | 1,395 |
| Zoning | RSA5 |
| Total Units | 3 |
| Days on Market | 8 |
| Original List Price | Unknown |
| Date Updated | November 20, 2024 |
| Date Created | November 19, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $20,100 | $0 |
Listing Provided By
Katherine Vail an agent of . Lic #RS278677
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Data last updated: November 27, 2024.
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REAL ESTATE AGENT