Mount Vernon Street,
$839,000 Sold For
PAPH2130990 Listing ID
2201 Mt Vernon
Part of an Iconic Investment Portfolio of 4 Fairmount Multi-Family Properties. See additional listings at 2205 and 2209 Mt Vernon as well as 2200 Wallace St. Can be purchased separately or as a package.
A unique opportunity to own three meticulously maintained units in the popular neighborhood of Fairmount awaits. This income-generating triplex features one, 1 bedroom unit, and two, 2-bedroom units, all with ultra modern fixtures throughout.
Unit one is elegantly hosted by the entire first floor of the home. Making your way through the front door, you are greeted to the unit by a chef’s kitchen, accented with ultra modern tiling, five-star stainless steel appliances, artistic wooden cabinetry, and recessed lighting. Through the kitchen sits the expansive living area detailed with hardwood flooring, crown molding, a formal dining area, an abundance of natural light, and recessed lighting. The primary suite can be found near the entrance of the unit, equipped with crown molding and hardwood flooring and enjoys the use of a large full hall bath. This unit is complete with a backyard brick patio accented with a vibrant foliage and a gardening area.
The two bedroom, one bathroom second unit of this property is sure to impress. Through the main entrance is the gourmet kitchen that features ample counter space and state of the art appliances. Nestled in the back of the unit is the sweeping living area, complete with hardwood floors, an intimate dining area, and crown molding. The primary suite is situated in the front of the unit, boasting a beautiful custom wooden shelving piece, hardwood flooring, crown molding, and plenty of space to accommodate an office area. The second spacious bedroom and a full hall bathroom complete this unit.
The third and final unit of this property hosts two bedrooms, one bathroom, and a welcoming traditional floor plan. Upon entry, you are met by a massive sunsoaked living room, complete with hardwood flooring and an in-home office space. Directly off the living room is a tremendous eat-in kitchen, detailed with stainless steel appliances, gorgeous wooden cabinetry, and a pleasant dining area. Two spacious bedrooms, each with adequate closet space and hardwood flooring, and a full hall bathroom complete this unit. All three units of this property share a lower level laundry area.
Unit 1’s lease ends at the end of July 2023, charging $1600 per month. Unit 2’s monthly charge is $1690 with the lease concluding in August of 2022. Unit 3’s lease ends at the conclusion of July 2023 with a monthly rent of $1700.
This property sits just steps away from the beautiful lush greenery of Corinthian Gardens. Here, community members plant gorgeous vegetation and manicure them daily, adding a breath of fresh air to the neighborhood. Conveniently located just a block off of Fairmount Avenue, there are many local happenings and amenities just a short walk away, including the Eastern State Penitentiary, Zorba’s Tavern, A Mano, Jack’s Firehouse, and more!
The City of Philadelphia has completed a real estate tax reassessment, effective January 1, 2023. If you have any questions or concerns about the impact of this reassessment on future real estate taxes, please contact the City of Philadelphia. Compass RE is not involved in the City of Philadelphia’s tax reassessment and does not have any input or control in the results.
Year Built 1920
Property Type Multi Family
Property Sub Type End of Row/Townhouse