Property
Beds
2
Full Baths
None
1/2 Baths
None
Year Built
1917
Sq.Footage
1,797
Updated three-unit triplex in a prime Fairmount/Francisville location, offering a rare opportunity for both investors and owner-occupants, along with the ability to assume an existing FHA loan at a 2.75% interest rate for qualified buyers. Each unit has been updated within the last 10 years and offers a bright, modern feel with abundant natural light, in-unit washer and dryer, dishwasher, and updated kitchens and bathrooms. The first-floor unit stands out as an especially attractive owner-occupant option, featuring its own private entrance and a large private patio that gives it the feel of a separate home while still allowing the owner to offset expenses with income from the upper units. The second-floor apartment spans the full length of the building, while the top-floor unit includes its own private deck along with ductless HVAC. This is a highly flexible property that works well for a buyer looking to live in one unit and collect rental income, or for an investor seeking a well-maintained, updated multifamily asset. Current rents on the upper units are approximately $1,100 and $1,400 per month, with projected rent of at least $1,500 for the lower unit. A full basement provides additional storage. Positioned just steps from the shops, cafes, and restaurants along Fairmount Avenue, the property offers strong walkability with convenient access to nearby grocery options including ALDI, GIANT Heirloom Market, and Klein’s Supermarket. Whole Foods is also just a short bike ride or drive away. Center City, Rittenhouse Square, and the surrounding business districts are all easily accessible by bike, car, or rideshare. A compelling opportunity to own a well-located, income-producing property with strong usability, modern updates, and long-term upside.
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
N/A
-
Above Grade Finished Area
1797.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Wall Unit(s), Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.02
-
Property Type
Residential Income
-
Property Sub Type
Triplex
-
Architectural Style
Other
Price
-
Sales Price
$625,000
-
Tax Amount
$7,349
-
Sq. Footage
1, 797
-
Price/SqFt
$347
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Tax Lot
17
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of James Price , KW Empower
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.