3908 FAIRMOUNT Avenue
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.
Broker Details
Keller Williams Main Line (610) 520-0100
MLS ID: 3148719 State License Number: AB067937
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $690,000 |
| No. of Units: | 3 |
| Year Built: | 2022 |
| Lot Size: | 2,457.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $230,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-TRENDPA-PAPH2678320
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