3861 FAIRMOUNT AVE, Philadelphia, PA 19104
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3861 FAIRMOUNT AVE, Philadelphia, PA 19104
3861 FAIRMOUNT AVE, Philadelphia, PA 19104
3861 FAIRMOUNT AVE, Philadelphia, PA 19104
3861 FAIRMOUNT AVE, Philadelphia, PA 19104
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Allisyn Evans

Allisyn Evans

+1(410) 322-7038
Listed by Haci Kose • RE/MAX Preferred - Cherry Hill
$ 739,000
Est. payment /mo
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3861 FAIRMOUNT AVE Philadelphia, PA 19104

4,200 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $175

MLS Listing ID PAPH2682788

Style Other

Abv Grd Liv Area 4,200

Year Built 2024

Annual Tax Amount $657

Tax Year 2025

Property Sub-Type Detached

Source BRIGHT

Property Description

FULLY LEASED TURNKEY TRIPLEX WITH HIGH CAP RATE & TAX ABATEMENT An exceptional opportunity to acquire a fully occupied, high-yielding multi-family property situated in a premier Philadelphia rental corridor, mere steps from Drexel University and the University of Pennsylvania. Boasting immediate cash flow, an advantageous tax abatement, and an ideal location near Penn Presbyterian Hospital, this asset delivers everything investors seek: strong yield, superior condition, and sustained appreciation potential. PROPERTY & UNIT HIGHLIGHTS This modern triplex offers three luxury, condo-grade apartments designed with open layouts, elevated finishes, rustic flooring, and modern kitchens with stainless steel appliances. Unit 1: 3 Bedrooms / 3 Bathrooms with a private rear patio. Unit 2: 2 Bedrooms / 2 Bathrooms. Unit 3: 2 Bedrooms / 2 Bathrooms with exclusive access to a private rooftop deck. INVESTOR-FRIENDLY UTILITIES & OPERATION Each residence is equipped with individual HVAC and water heating systems, in-unit laundry, en-suite bathrooms, and separate meters for gas and electricity. This independent utility setup minimizes operational overhead and simplifies management. LOCATION & DEMAND Located within walking distance of higher education institutions, medical centers, public transit, and the dining, retail, and nightlife along Lancaster Avenue, this property maintains strong tenant demand among students, faculty, and healthcare professionals. Fully tenanted with a 2-year history of reliability, this turnkey investment provides immediate income, tax benefits, and long-term stability.

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning MULTI-FAMILY

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Water Access N

Accessibility Other

Garage N

Private Pool No

Building

Foundation Other

Above Ground Finished SqFt 4200

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 243014800

Ownership Fee Simple

SqFt Source 4200

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Allisyn Evans

Allisyn Evans

Realtor License ID: 675939

+1(410) 322-7038

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3861 FAIRMOUNT AVE

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