Mount Vernon Street,
ACTIVE UNDER CONTRACT Status
PAPH2131226 Listing ID
Part of an Iconic Investment Portfolio of 4 Fairmount Multi-Family Properties. See additional listings at 2201 and 2209 Mt Vernon as well as 2200 Wallace St. Can be purchased separately or as a package.
Do not pass up this incredible opportunity to possess a cash cow of an investment property in Fairmount! This outstanding property consists of two, 1 bedroom units, and one, 2 bedroom unit, all while being located just a short walk from Fairmount Avenue!
Enter the first floor unit and immediately you are welcomed by a vast center hall detailed with artistic hardwood flooring that guides you to each room throughout. To your left sits a sumptuous dining area/kitchen, equipped with white wooden cabinetry and state-of-the-art appliances. Follow the hardwood flooring to the expansive living room elegantly accented with custom built-in shelving, enough space to accommodate an office area, and luxurious french glass doors that lead out to an intimate rear brick patio. Situated in the front of the unit is the large primary suite and full hall bathroom.
Upon entry into the second unit, you are greeted by the gourmet kitchen that boasts finely manicured wooden cabinets and five-star appliances. Through the kitchen sits the formal dining/living area, accented beautifully with oversized windows, hardwood floors, and luxurious chandelier fixture. Hardwood floors guide you to the primary suite with ample closet space in the front of the unit, as well as a full hall bathroom.
The two bedroom, one bathroom third unit of this property welcomes you with an expansive eat-in kitchen equipped with an influx of counter space, top of the line appliances, a formal dining area, and a plethora of wooden cabinetry. Directly adjacent to the kitchen is the extensive living room, detailed with hardwood flooring, an abundance of natural light, and custom built-in shelving. Two spacious bedrooms, each with sufficient 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.
All three units have a monthly rent of $1600, with Unit 1’s lease lasting through June of 2023, Unit 2’s lease ending at the end of September of 2022, and Unit 3’s lease ending at the conclusion of April 2023.
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.”
Status ACTIVE UNDER CONTRACT
Year Built 1920
Property Type Multi Family
Property Sub Type Interior Row/Townhouse