UPDATED:
Key Details
Property Type Multi-Family, Townhouse
Sub Type End of Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,457 sqft
Price per Sqft $280
MLS Listing ID PAPH2678320
Style Contemporary
Abv Grd Liv Area 2,457
Year Built 2022
Annual Tax Amount $10,499
Tax Year 2026
Lot Size 1,456 Sqft
Acres 0.03
Property Sub-Type End of Row/Townhouse
Source BRIGHT
Property Description
The property currently generates $5,141 per month in rental income, with individual rents of $1,800, $1,640, and $1,701, producing a total gross annual rental income of $61,692.
Adding significant value for the next owner, the property benefits from a tax abatement through 2034, helping to keep operating expenses lower for years to come.
Each unit offers two bedrooms and one full bathroom, providing a practical and desirable layout for tenants. Conveniently located near public transportation, universities, hospitals, shopping, dining, and major roadways, with easy access to Center City.
3908 Fairmount Avenue presents an attractive opportunity for investors seeking a multifamily property with immediate rental income, a desirable unit mix, and the added benefit of a tax abatement through 2034.
Location
State PA
County Philadelphia
Area 19104 (19104)
Zoning RSA5
Rooms
Basement Full
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Hardwood, Ceramic Tile
Fireplace N
Heat Source Natural Gas
Laundry Dryer In Unit, Washer In Unit
Exterior
Water Access N
Roof Type Flat
Accessibility None
Garage N
Private Pool No
Building
Foundation Concrete Perimeter
Above Ground Finished SqFt 2457
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade
Structure Type Dry Wall
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 242226100
Ownership Fee Simple
SqFt Source 2457
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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