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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 !.
Home Highlights
Parking
None
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$212
Listed
101 days ago
Home Details for 3861 Fairmount Ave
Interior Features |
|---|
Interior Details Number of Rooms: 7Types of Rooms: Basement |
Beds & Baths Number of Bedrooms: 7 |
Dimensions and Layout Living Area: 4200 Square Feet |
Appliances & Utilities Appliances: Hot Water (60 plus Gallon Tank) |
Heating & Cooling Heating: 90% Forced Air,Natural GasHas CoolingAir Conditioning: Central A/C,ElectricHas HeatingHeating Fuel: 90 Forced Air |
Fireplace & Spa No Fireplace |
Levels, Entrance, & Accessibility Accessibility: None |
Exterior Features |
|---|
Exterior Home Features Other Structures: Above Grade, Below Grade |
Parking & Garage No CarportNo GarageNo Attached GarageParking: None |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Days on Market |
|---|
Days on Market: 101 |
Property Information |
|---|
Year Built Year Built: 2024 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: TriplexStructure Type: OtherArchitecture: Contemporary |
Building Construction Materials: Brick, Aluminum SidingIs a New Construction |
Property Information Condition: ExcellentParcel Number: 243014800 |
Price & Status |
|---|
Price List Price: $890,000Price Per Sqft: $212 |
Status Change & Dates Possession Timing: Immediate |
Active Status |
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MLS Status: ACTIVE |
Location |
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Direction & Address City: PhiladelphiaCommunity: University City |
School Information Elementary School District: Philadelphia CityJr High / Middle School District: Philadelphia CityHigh School District: Philadelphia City |
Agent Information |
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Listing Agent Listing ID: PAPH2313704 |
Lot Information |
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Lot Area: 1440 sqft |
Listing Info |
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Special Conditions: Standard |
Offer |
|---|
Listing Agreement Type: Exclusive Right To Sell |
Compensation |
|---|
Buyer Agency Commission: 2.5Buyer Agency Commission Type: %Sub Agency Commission: 2.5Sub Agency Commission Type: %Transaction Broker Commission: 2.5Transaction Broker Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
|---|
Business Information Ownership: Fee Simple |
Miscellaneous |
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Mls Number: PAPH2313704Municipality: PHILADELPHIA |
Last check for updates: about 11 hours ago
Listing courtesy of Gazi Ataseven, (267) 774-6886
HomeSmart Realty Advisors, (215) 604-1191
Source: Bright MLS, MLS#PAPH2313704
Price History for 3861 Fairmount Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 04/23/2024 | $890,000 | PriceChange | Bright MLS #PAPH2313704 |
| 02/28/2024 | $895,000 | PriceChange | Bright MLS #PAPH2313704 |
| 01/28/2024 | $900,000 | PriceChange | Bright MLS #PAPH2313704 |
| 01/17/2024 | $925,000 | Listed For Sale | Bright MLS #PAPH2313704 |
| 03/17/2021 | $60,000 | Sold | N/A |
| 10/02/2020 | $57,500 | Listed For Sale | Agent Provided |
| 07/03/2019 | $40,000 | Sold | N/A |
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Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | $475 |
| Assessment | $33,900 |
Home facts updated by county records
Comparable Sales for 3861 Fairmount Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.09 | Multi-Family Home | $770,000 | 05/17/23 | 10 | 8 | 3,110 | |
0.23 | Multi-Family Home | $432,500 | 08/24/23 | 8 | 4 | 2,513 | |
0.25 | Multi-Family Home | $272,500 | 02/29/24 | 8 | - | 2,592 | |
0.36 | Multi-Family Home | $125,000 | 09/26/23 | 5 | - | 2,500 | |
0.18 | Multi-Family Home | $280,000 | 11/01/23 | 6 | - | 2,868 | |
0.40 | Multi-Family Home | $760,000 | 05/18/23 | 8 | - | 5,000 | |
0.58 | Multi-Family Home | $140,000 | 04/19/24 | 6 | - | 2,556 | |
0.31 | Multi-Family Home | $600,000 | 05/12/23 | 6 | 3 | 1,968 | |
0.42 | Multi-Family Home | $625,000 | 05/26/23 | 9 | - | 4,356 | |
0.43 | Multi-Family Home | $820,000 | 09/22/23 | 7 | - | 4,214 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Mantua
- Trulia User
- Resident
- 9mo ago
"Not enough dog parks for owners to allow their pets outside more. The neighborhood doesn’t offer much backyard space for pets to roam around either. "
- Trulia User
- Resident
- 1y ago
"There are not enough safe spaces in this area for children. The neighborhood is changing so maybe it will be better in a couple of years "
- Trulia User
- Resident
- 1y ago
"This area is mainly college kids , however the area is safe . I have been living here for almost 6 years, there has never been any problems nor any unsafe situations. "
- Trulia User
- Resident
- 2y ago
"Yes definitely Other dogs and parks that are close by to allow for walking dogs and also good for meeting ther dog owners"
- Trulia User
- Prev. Resident
- 2y ago
"Very accessible to SEPTA buses, trolley, and market-frankfort line. Parking is terrible in the area and impossible to find."
- Trulia User
- Resident
- 2y ago
"Buses are always crowded so leave at least 30 minutes earlier than you normally would leave. Use the bus stops at the end of the block - the ones in the middle aren’t that safe. "
- Trulia User
- Resident
- 2y ago
"Area has improved a lot with a ton new constructions and renovations. Many university staff and students are living further into areas that used to be seen as unlivable 10 years ago."
- Trulia User
- Resident
- 2y ago
"It is Center City lite. It’s is New Jersey to New York City as University City is to Center City. Some parts of it is like an urban Mt. Airy."
- Jesse M.
- Resident
- 3y ago
"So far i love living here my neighbor all nice . This is my first time living in Philadelphia we try hard to find a safe area for my five month baby so far is really nice to walk around near Drexel area in Art Museum so far it's good"
- Chabeli N.
- Resident
- 3y ago
"Mantua is a great place to live. I love how neighborly it is, I love how people pick up after their dogs and I love how there’s an easy commute to downtown! "
- Marcey H.
- Resident
- 3y ago
"My neighborhood has very good public transportation and Center City is very much excessive via Septa."
- Sarahbouayad05
- Resident
- 4y ago
"It’s safe, and this is a residential community on the brink of gentrification. There are families that have been here for generations. I think it adds a charm of security and culture. If I don’t bring in my garbage cans, someone will place them on my porch. This is a lovely place to live. "
- Kathleen S.
- Resident
- 4y ago
"there's a lot of drivers that dont look at stop signs and blow right through them. Cars get broken into a lot, especially if you leave anything In them."
- Need T. C. M. A.
- Resident
- 4y ago
"There are no open spaces or dog parks to allow dogs to run and play. You walk your dogs on the sidewalks. "
- Katelyn S.
- Resident
- 4y ago
"There are no community events in this neighborhood. Everyone is fairly isolated. Aaaaaaaaaaaaaaaaaaaa"
- Brandongarvin3938
- Prev. Resident
- 4y ago
"Nothing the city doesn’t let us have anything in the neighborhood that’s why there is so many shootings in the neighborhood there’s nowhere for the kids to go the playgrounds don’t have swings the kids can’t have a basketball baseball or football league "
- Jadaharden213
- Resident
- 4y ago
"It’s quiet it’s safe and I have a son, they have great schools and local sports for the little guys "
- James H.
- Resident
- 4y ago
"We have two buses that don't run well. Both buses run 20 minutes to 30 minutes apart. Neither bus is very reliable."
- Andy.garcia_23
- Resident
- 4y ago
"I am not sure since I work most of the week. It is a great neighborhood with convenient nearby locations. "
- Shelia J.
- Visitor
- 4y ago
"Horrible area to live in. Maybe in the next two years or so it will be better- since they have been building new properties from the ground up in this area. So that definitely means that the riff raf, the drug dealing, and strange activity will hopefully come to a end real soon around here."
- Trulia User
- Resident
- 4y ago
"It is close to Museums and Center City. It is a diverse neighborhood. However, one would take Mount Airy, East Falls, Roxborough, or Chestnut Hill over Mantua/Powelton Village/University City. "
- Rachel S.
- Resident
- 5y ago
"It’s thankfully resisting gentrification, but Drexel has been buying up many of the properties in the area, giving way to an influx of obnoxiously rich college kids who do not respect the locals. Otherwise it is a calm neighborhood with a lot of history. "
- Quintessa B.
- Resident
- 5y ago
"there's only one dog park and there aren't many pet store near. But there are plenty of dogs to play with."
- Tomas
- Resident
- 5y ago
"There are lots of trees as well as several grassy and park areas in and around the neighborhood. I see lots of people walking their dogs (small to large sized). "
- Tomas
- Resident
- 5y ago
"Annual Hamilton St Flea Market, Food Truck Festivals, walking distance to art museums movie theater and a variety of restaurants, free movies and entertainment in local parks, University City Dining Days is the annual Restaurant week "
- Searae T.
- Resident
- 5y ago
"I lived in for about 18 years now and my neighborhood was lovely at first now it’s just a bad neighborhood to be in or near"
- Lee m.
- Resident
- 5y ago
"There are a lot of changes due to the gentrification that are long overdue. It’s close to center city and the Phila zoo, public transportation "
- Tyrone P.
- Resident
- 5y ago
"I like the variety of different people and health and educational institutions nearby."
- Tyrone P.
- Resident
- 5y ago
"The yearly jazz festival at Saunders park,an Lancaster ave events."
- Tyrone P.
- Resident
- 5y ago
"Commuting is OK. We have access to public transportation—trolleys and buses."
- Simmonscrystal
- Resident
- 5y ago
"I have lived here for all of my life and I will always love this area!! I'm going to be here for all of my life"
- Monie G.
- Visitor
- 5y ago
"My neighborhood that I currently live in is unique for its convenience. The surrounding store and services meet all of my needs. I rarely have to travel outside of my neighborhood for anything "
- Sabira G.
- Resident
- 5y ago
"The murals in the neighborhood , fast walking restaurants lots of activities including the zoo, the art museum, the university of pennsylvania "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Gazi Ataseven, HomeSmart Realty Advisors
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2024 Bright MLS, Inc. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.