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3908 Fairmount Ave, Philadelphia, PA 19104

$690,000
: 2,457
SqFt

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List Price: $690,000
Status: ACTIVE
MLS#: PAPH2678320
Living Area: 2,457
Lot Size (Acres): 0.03
Style: Contemporary
Year Built: 2022
County: Philadelphia
School District: The School District Of Philadelphia

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Property Description

Excellent investment opportunity at 3908 Fairmount Avenue! This income-producing triplex features three well-appointed 2-bedroom, 1-bathroom units and offers strong existing rental income in Philadelphia’s 19104 zip code. 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.

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Additional Information

Area: 19104 (19104)
School District: The School District Of Philadelphia
Flooring: Hardwood, Tile
Heating: Forced Air
Cooling: Central Air
Roof: Flat
Water: Public
Sewer: Public Sewer
Basement: Full