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sales rep | Brivity IDX

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3861 Fairmount Ave , Philadelphia, PA 19104
$719,000
Est. Payment: $3,884.16/mo
7 Bed
7 Bath
4200 Sqft
Status: active | Days on site: 11
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RMPRECH - 3130442
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House Description

FULLY LEASED TURNKEY TRIPLEX WITH HIGH CAP RATE & TAX ABATEMENT. THE TAX AMOUNT IS ONLY $657 A YEAR!!! THE MONTHLY INCOME FROM RENT IS $5,741. An 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 HIGHLIGHTS This 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 & OPERATION Each 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 & DEMAND Located 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.

Highlights

Listed by Haci R Kose , 8562205099 RE/MAX Preferred - Cherry Hill , 8566162626. Bright MLS

Property Type

Multi-Family

Year Built

2024

County

Philadelphia

Area

19104 (19104)

School District

Philadelphia City

Listing ID

PAPH2682788

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:7
  • ▪ Bathrooms:7
  • ▪ Full Bathrooms:7
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:4200
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:MULTI-FAMILY
Sewer:Public Sewer
Principal Interest
$3,884
Taxes
$55

Home Price

$719,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$143,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,884.16

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,884.16 $54.75 $0.00 $3,938.91
Yearly $46,609.95 $657.00 $0.00 $47,266.95
Total $1,398,298.48 $19,710.00 $0.00 $1,418,008.48
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Philadelphia, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T21:11:33.000Z

© 2026 Bright MLS