3836 Fairmount Avenue, Philadelphia, PA 19104-1892 $275,000
Interior Sq. Ft: 1,827
Acreage: 0.03
Age:109 years
Taxes: $4,589
Subdivision: Mantua
Design/Type:
Interior Row/Townhouse
Description
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!
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Baseboard - Electric Heating, Baseboard - Hot Water Heating, Electric, Window Unit(s) Cooling, Electric, Hot Water - Electric, Public Water, Public Sewer, 200+ Amp Service
Garage/Parking
On Street
Interior
Vinyl Flooring, Solid Hardwood Flooring, Dry Wall
Exterior
Brick/Mortar Foundation, Flat Roof, Masonry
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Public Elementary (150 schools)
Public Middle (26 schools)
Public High (64 schools)
Private (126 schools)
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This report is a detailed community overview for Philadelphia (19104), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 25
- Average salary of people in this community: $28,702
Community Summary
- Population Density (ppl / mile): 17,049
- Household Size (ppl): 2.39
- Households w/ Children: 45%
Housing Inventory
- Owned: 3,502 (17.5%)
- Rented: 12,838 (64.0%)
- Vacant: 3,713 (18.5%)
- Total: 20,053
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 2.2%
- Some High School: 12.4%
- High School Graduate: 25.2%
- Some College: 17.4%
- Associate Degree: 3.9%
- Bachelor's Degree: 18.7%
- Graduate Degree: 20.3%
Income by dollar range
Median Income: $26,979
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $966
- One Bedroom: $962
- Two Bedroom: $1,033
- Three Bedroom: $1,033
- Four Bedroom: $1,130
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Contact Information
Schedule an Appointment to See this Home
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or call me now at 302-542-1967
Listing Courtesy of: Elfant Wissahickon-Rittenhouse Square , (215) 893-9920
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Information Deemed Reliable But Not Guaranteed.
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Listing data as of 11/23/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.