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Your Dream Home Awaits

2205 Mount Vernon Street
Philadelphia, Pennsylvania PA 19130-3185
$714,000 Sold For
CLOSED Status
2,619 SqFt
0.030 Acres
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 CLOSED
County Philadelphia
Year Built 1920
Property Type Multi Family
Multi Family
Property Sub Type Interior Row/Townhouse

Primary Features

County: Philadelphia
Price/SqFt: 324.17
Property Sub Type: Interior Row/Townhouse
Property Type: Multi Family
Subdivision: ART MUSEUM AREA
Year Built: 1920
Zoning: RSA5

Interior

Central Air: yes
Cooling Type: Central A/C
Heating: yes
Heating Type: Forced Air, Heat Pump(s)
Living Area SqFt Source: Assessor
Total Below Grade SqFt Source: Assessor
Total SqFt: 2619
Total SqFt Source: Assessor

External

Architectural Style: Straight Thru
Building Units Total: 3
Construction Materials: Masonry
Cooling Fuel: Electric
Foundation Details: Concrete Perimeter
Garage: no
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Lot Dimensions Source: Assessor
Lot Size Dimensions: 18.00 x 75.00
Lot Size Source: Assessor
Lot Size Units: Square Feet
New Construction: no
Other Structures: Above Grade, Below Grade
Other Units: Unit 1,Unit 2,Unit 3
Pool: No Pool
Sewer Septic: Public Sewer
Tidal Water: no
Type of Parking: On Street
Water Access: no
Water Oriented: no
Water Source: Public
Water View: no

Location

Country: US
MLS Area: 19130 (19130)
Municipality: PHILADELPHIA
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
School District Source: Listing Agent
Waterfront: no

Additional

Accessibility Features: Doors - Swing In
Base Off Market Date: 2022-10-11T00:00:00+00:00
Days on Market: 35
Historic: yes
Land Use Code: U50
Property Sub Type: Triplex
Year Assessed: 2022
Year Built Source: Assessor

Financial

Association Recreation Fee: N
Automatically Update Tax Values: yes
Buyer Financing: Conventional
Contingency Type: Home Inspection, Financing Approval
Existing Lease Type: Yearly
Gross Scheduled Income: 57600
Inclusions: Refrigerators and washers and dryers
Ownership Interest: Fee Simple
Possession: 0-30 Days CD, 31-60 Days CD, 61-90 Days CD
Rent Control: no
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 8345
Tax Assessed Value: 596200
Tax Lot: 200
Tax Total Finished SqFt: 2619
Tax Year: 2022
Vacation Rental: no

Zoning Info


© 2022 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Compass Pennsylvania, LLC. Data last updated on Saturday, November 26th, 2022 02:29:45 PM.
#IDX-primaryPhoto,#idx-details-header Listed by: Compass Pennsylvania, LLC 2158055276

Contact - Listing ID PAPH2131226

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Jonathan Fink

1619 Walnut Street
Philadelphia, PA 19103
Phone: 215 805 5276
Phone Alt: 215-805-5276

Data services provided by IDX Broker
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