Price Reduction - New Construction
Address
3861 Fairmount Avenue, Philadelphia, PA
Price
$ 890,000
Property Attributes
- MLS#PAPH2313704
- TypeMulti-Family
- CountyPHILADELPHIA
- CityPhiladelphia
- Area19104
- NeighborhoodUniversity City
- Zip19104
- StyleContemporary
- Year Built2024
- Taxes$ 474
- Price$ 890,000
- Bedrooms7
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,307 SqFt
Data Source:
Bright MLS
Property Description
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. Units #2 is 2 Bed, 2 Baths. Unit# 3 is 2 Bed, 2 Baths AND TOP DECK. 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 !.
| Price History | |
|---|---|
| 1/18/2024 | Listed $925,000 |
| 1/28/2024 | 3% - $900,000 |
| 2/28/2024 | 1% - $895,000 |
| 4/23/2024 | 1% - $890,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | 90% Forced Air |
| Cooling | Central A/C |
| Possession | Immediate |
| Zoning | RSA5 |
| Pool Y/N | No Pool |
| Architectural Style | Contemporary |
| Construction Materials | Brick,Aluminum Siding |
| Year Built | 2024 |
| Property SubType | Triplex |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | PHILADELPHIA |
| New Construction | Yes |
| Property Type | Multi-Family |
| Subdivision Name | UNIVERSITY CITY |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Total Rooms | 7 |
| Status | ACTIVE |
| Directions | GPS |
| ModificationTimestamp | 2024-04-22T22:34:32 |
| City | PHILADELPHIA |
| Buyer Agent Compensation | 2.5 |
| Total Units | 4 |
| MLS Area | 19104 (19104) |
| Lot Size Square Feet | 1440.00 |
| Tax Assessed Value | 33900.0 |
| Waterfront Y/N | No |
| Street Name | FAIRMOUNT |
| Tax Annual Amount | 474.0 |
| Property Condition | Excellent |
| Two Bedroom | 2 |
| Structure Type | Other |
| Price Per Sq Ft | 211.9 |
| Construction Completed Y/N | Yes |
| Vacation Rental Y/N | No |
| Total SQFT | 4200 |
| Days on Market | 105 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 183 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | 60+ Gallon Tank |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | AVENUE |
| Central Air Y/N | Yes |
| LivingAreaSource | Estimated |
| Three Bedroom Units Count | 1 |
Exterior Features
| Water Source | None |
|---|---|
| Type of Parking | None |
| Land Use Code | SR |
| Water View Y/N | No |
| Lot Dimensions | 16.00 x 90.00 |
| Lot Size Acres | 0.03 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 33900.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 19104
Price
Taxes
Visits
Year Built
© BRIGHT, All Rights Reserved
