3861 FAIRMOUNT AVE Philadelphia, PA 19104
UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $180
Subdivision University City
MLS Listing ID PAPH2675924
Style Straight Thru
Bedrooms 7
Full Baths 7
HOA Y/N N
Abv Grd Liv Area 4,200
Year Built 2024
Annual Tax Amount $657
Tax Year 2024
Lot Size 1,440 Sqft
Acres 0.03
Lot Dimensions 16.00 x 90.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
An exceptional opportunity to acquire a fully occupied, high-yielding multi-family property situated in a premier Philadelphia rental corridor, mere steps from Drexel University and the University of Pennsylvania. Boasting immediate cash flow, an advantageous tax abatement, and an ideal location near Penn Presbyterian Hospital, this asset delivers everything investors seek: strong yield, superior condition, and sustained appreciation potential.
PROPERTY & UNIT HIGHLIGHTS
This modern triplex offers three luxury, condo-grade apartments designed with open layouts, elevated finishes, rustic flooring, and modern kitchens with stainless steel appliances.
Unit 1: 3 Bedrooms / 3 Bathrooms with a private rear patio.
Unit 2: 2 Bedrooms / 2 Bathrooms.
Unit 3: 2 Bedrooms / 2 Bathrooms with exclusive access to a private rooftop deck.
INVESTOR-FRIENDLY UTILITIES & OPERATION
Each residence is equipped with individual HVAC and water heating systems, in-unit laundry, en-suite bathrooms, and separate meters for gas and electricity. This independent utility setup minimizes operational overhead and simplifies management.
LOCATION & DEMAND
Located within walking distance of higher education institutions, medical centers, public transit, and the dining, retail, and nightlife along Lancaster Avenue, this property maintains strong tenant demand among students, faculty, and healthcare professionals. Fully tenanted with a 2-year history of reliability, this turnkey investment provides immediate income, tax benefits, and long-term stability.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Rooms
Basement Fully Finished
Main Level Bedrooms 3
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Private Pool No
Building
Story 3
Foundation Other
Above Ground Finished SqFt 4200
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Senior Community No
Tax ID 243014800
Ownership Fee Simple
SqFt Source 4200
Special Listing Condition Standard
Nearby Locations
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