$275,000

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3836 Fairmount Avenue Philadelphia, PA, United States 19104

3834 and 3836 Fairmount offer a unique opportunity to own two side-by-side triplexes in the rapidly developing Mantua neighborhood of West Philly, close to U Penn and Drexel. This area is experiencing significant growth with new construction and vacant lots, making it an ideal location for long-term investment and potential appreciation. While the triplexes require some additional upgrades, the current owner has already started renovations, allowing you to step in and complete the work. The first floor is occupied with a long term tenant and is spacious 2-bedroom, 1-bath unit with basement and backyard access. It features a living room and two bedrooms separated by the kitchen. The second floor has a spacious and renovated 1-bedroom, 1-bath unit with a smaller kitchen and a large bedroom, along with new vinyl flooring and fresh paint. The bathroom is accessible from the hallway. The layout is flexible and could be redesigned to increase rental value. The third floor features a 1-bedroom, 1-bath unit with a large kitchen and bathroom, needing some updates to meet market standards.The second and third-floor units are currently vacant, giving you the opportunity to renovate for higher rental income and select your own tenants. The dry basement includes utilities, additional storage, and the potential to add a washer/dryer, which could increase rental income for the first-floor unit. The backyard offers additional possibilities for future development.This triplex presents great potential for appreciation and rental income, making it an excellent investment for the right buyer. Don’t miss out—take a look!

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Residential Multi Family
  • Architectural Style: Victorian
  • Year Built: 1915
  • Built in 1915
  • Home size: 1,827 ft2 / 169.73 m2
  • MLS: PAPH2421254
  • Status: Active
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property brokered by

Elfant Wissahickon Realtors

(215) 247-3600

Get more listing details on brokerage site

Presented by Kate Vail

  • (215) 893-9920
  • (215) 893-9920 (Office Phone)

Contact Kate Vail

Contact Agent

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