3861 Fairmount Avenue Philadelphia, PA $ 885,000
3861 Fairmount Avenue
$ 885,000
New Construction
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3861 Fairmount Avenue

Philadelphia, PA, 19104
$ 885,000
Bedrooms7 Baths0.0

Monthly Estimate*

$ 5,882

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Multi-Family Home for sale in Philadelphia, PA

for $885,000 with 7 bedrooms. This home was built in 2024 on a lot size of 0.03.

UNIT #1 WAS RENTED @ 2100 $ 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 WHICH WAS RENTED AT $ 2100. 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 !.

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Multi-Family Active

Price

$ 885,000

Bedrooms

7

Property Type

Multi-Family

Taxes

$ 474

Style

Contemporary

Lot Size

0.03

Year Built

2024

Town/City

Philadelphia

County/Region

Philadelphia

MLS | Web ID

PAPH2313704

Features
Interior
Heating Fuel Natural Gas
Hot Water 60+ Gallon Tank
Heating Y/N Y
Fireplace Y/N N
Street Suffix AVENUE
Central Air Y/N Y
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General
Sewer Public Sewer
Heating 90% Forced Air
Cooling Central A/C
Possession Immediate
Zoning RSA5
Architectural Style Contemporary
Construction Materials Brick Aluminum Siding
Year Built 2024
Property SubType Triplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality PHILADELPHIA
Accessibility None
County PHILADELPHIA
New Construction Y
Property Type Multi-Family
Subdivision Name UNIVERSITY CITY
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Total Rooms 7
Status ACTIVE
Directions GPS
City PHILADELPHIA
Buyer Agent Compensation 2.5
Total Units 4
MLS Area 19104 (19104)
Lot Size Square Feet 1440.00
Waterfront Y/N N
Street Name FAIRMOUNT
Tax Annual Amount 474.0
Property Condition Excellent
Two Bedroom 2
Structure Type Other
Price Per Sq Ft Total 210.71
Construction Completed Y/N Y
Vacation Rental Y/N N
Days on Market 129
Standard Status Active
Year Built Source Estimated
Tax Lot 183
Buyer Agent Compensation Type % Of Gross
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Exterior
Pool No Pool
Water Source None
Type of Parking None
Water View Y/N N
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 N
Water Oriented Y/N N
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Internal Only
Street Number 1 3861
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* Excluded Features
List By
Homesmart Realty Advisors

Broker

gztsvn@gmail.com

Email

Affordability Calculator

$5,921
Per Month
99%
1%
0%
Monthly Principal & Interest
$5,882
Monthly Property Taxes
$40
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
4488946 Elementary School
4488947 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/24/2024$885,000 -0.56% Price Down
4/23/2024$890,000 -0.56% Price Down
2/28/2024$895,000 -0.56% Price Down
1/28/2024$900,000 -2.70% Price Down
1/18/2024$925,000 Listed Price

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3861 Fairmount Avenue, Philadelphia, PA, 19104 is a Multi-Family Home for sale at $885,000 with a lot size of 0.03. 3861 Fairmount Avenue has 7 bedrooms, 0.0 baths, and was built in 2024. The property's zip code is 19104 which is in Philadelphia, PA