3861 Fairmount Avenue Philadelphia, PA 19104

$759,000
7
Beds
7
Baths
0.03
Acres
4,200
SQFT
181
$/SQFT
$759,000
7
Beds
7
Baths
4,200   sf
$181 / sf
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FULLY LEASED TURNKEY TRIPLEX WITH HIGH CAP RATE & TAX ABATEMENTAn 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 HIGHLIGHTSThis 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 & OPERATIONEach 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 & DEMANDLocated 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.

FULLY LEASED TURNKEY TRIPLEX WITH HIGH CAP RATE & TAX ABATEMENTAn 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 HIGHLIGHTSThis 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 & OPERATIONEach 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 & DEMANDLocated 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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Philadelphia
  • Area
    19104
  • Tax Amount
    $657
  • Status
    Active
  • Listing #
    PAPH2675924
  • Built
    2024
  • Lot Size
    0.03
  • Listed on site
    5 days
  • Listing Agent Id
    121134966941

Listed by:
RE/MAX Preferred - Cherry Hill

Source:
BRIGHT MLS

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Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Basement

Interior Features

  • Central Air Conditioning
  • Main Floor Bedroom
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