4815 Fairmount Ave,PHILADELPHIA, PA 19139
PHILADELPHIA, PA 19139
Description
Excellent investment opportunity at 4815 Fairmount Avenue in West Philadelphia! Offered at $350,000 OBO, this legally zoned duplex is a fully occupied, income producing property, perfect for investors looking to expand their portfolios with an established rental asset. The upper unit features 3 bedrooms and 2 full bathrooms, currently leased at $1,825 per month, while the lower unit offers 1 bedroom and 1 full bathroom, leased at $1,115 per month to a dependable long term tenant who has occupied the property for six years. Both units have reliable tenants with excellent payment histories, consistently paying rent on time without issues. Generating $2,940 in monthly rental income and $35,280 annually, this property offers immediate rental revenue without the hassle of securing new tenants. The owner has completed several renovations, and both units feature electric heating, individual washers and dryers, and appliances included with the sale. Conveniently situated in an established West Philadelphia rental market, the property provides easy access to public transportation, shopping, restaurants, and University City, making it an attractive location for renters. Whether you're a seasoned investor or just beginning to build your real estate portfolio, this property offers consistent rental income, established tenancy, and long term appreciation potential. Don't miss your opportunity to acquire an already performing multifamily investment! Showings require advance notice as both units are tenant occupied.
Details
| MLS # | PAPH2681616 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1925 |
| Days On Site | 19 |
| Listing Provided By | Prime Realty Partners | Cree McGee |
Features
| SQ Feet | 2,055 |
|---|---|
| Basement | Y |
| Units | 2 |
| Zoning | RSA5 W/ 2-FAMILY VARIANCE |
| Acreage | 0.03 |
Interior
| Cooling | None |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
| Furnished | No |
| Appliances | Washer, Dryer |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Permanent |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Electric Available, Natural Gas Available, Sewer Available, Water Available |
|---|
Taxes
| Tax Annual Amount | 2619 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| Community Name | MILL CREEK |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in MILL CREEK) | |
Price: $350,000 low | high Med: $168,000 sqft: 2,055 low | high Med: 1,139 $ / sqft: $170 low | high Med: $148 On site: 19 low | high Med: 147 | |
Market Activity 19139
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19139 |
| Area | 19139 (19139) |
| Community Name | MILL CREEK |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in MILL CREEK) | |
Price: $350,000 low | high Med: $168,000 sqft: 2,055 low | high Med: 1,139 $ / sqft: $170 low | high Med: $148 On site: 19 low | high Med: 147 | |
