Property
Beds
2
Full Baths
None
1/2 Baths
None
Year Built
1920
Sq.Footage
3,150
Welcome to 402 Fairmount Avenue, a rare opportunity to own a four unit property in the heart of Northern Liberties, one of Philadelphia’s most desirable and walkable neighborhoods. This versatile property is ideal for an owner occupant, first time homebuyer looking to house hack, or an investor seeking immediate rental income with long term upside. Three of the four units are currently rented, providing steady income from day one, while one unit has been intentionally left vacant to allow flexibility for the next owner. This creates an excellent opportunity for an owner occupant to move in and take advantage of low down payment financing options while offsetting expenses with rental income. The first floor offers a unique layout with potential for a private residence, studio, or possible business or retail use, subject to buyer verification with the City of Philadelphia. The space was historically used as retail decades ago, adding to the property's flexibility and potential. A private courtyard adds additional value and can be enjoyed personally or potentially incorporated into a business setting, with access through the common area. The second and third floor rear units are both well maintained one bedroom apartments with functional layouts. The front unit spans the second and third floors and features a spacious two bedroom, two full bathroom layout. Enter through the second level to find the kitchen, dining area, living room, and private balcony. The third level includes a large bedroom, full bathroom, walk in closet, and in unit washer and dryer, with an additional bedroom located on the top floor. This property has been owned by the same family for nearly 100 years and has been well maintained over time. A brand new PVC sewer line has recently been installed, adding peace of mind for the next owner. Located in Northern Liberties, you are within walking distance to popular restaurants, cafes, shops, and nightlife, with convenient access to Center City and major transportation routes. This is a prime location with strong demand from both renters and homeowners. A true multi use opportunity offering flexibility, character, and income potential. Property is being sold as is.
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
N/A
-
Above Grade Finished Area
3150.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Window Unit(s), Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Other Exterior Features
Balcony
-
Parking
On Street
-
Patio and Porch Features
Patio
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1368.0
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Traditional
Price
-
Sales Price
$900,000
-
Tax Amount
$10,155
-
Sq. Footage
3, 150
-
Price/SqFt
$285
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Concrete Perimeter
-
Sewer
Public Sewer
-
Tax Lot
195
-
Water Source
Public
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Benjamin Wong , BHHS Fox & Roach-Blue Bell
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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