Mount Vernon Street,
$765,000 Sold For
PAPH2131244 Listing ID
Part of an Iconic Investment Portfolio of 4 Fairmount Multi-Family Properties. See additional listings at 2201 and 2205 Mt Vernon as well as 2200 Wallace St. Can be purchased separately or as a package.
Are you looking for an established investment property? If so, I have the home for you! Located in the heart of Fairmount, this property consists of three sensational 2 bedroom units, each with their own unique characteristics.
Enter the first floor unit and immediately you are welcomed by a vast center hall detailed with artistic hardwood flooring that guides you throughout each room. Follow the center hall and pass the gourmet kitchen to your left on your way to the sun soaked living room. Nestled in the back of the living room is an expansive private office space that enjoys direct access to the large rear patio. Make your way back to the front of the unit where you can find two spacious bedrooms, and a full hall bathroom.
The second floor two bedroom, one bath unit boasts impeccable details throughout. Making your way through the front door, your attention will immediately be taken by the elegant open floor plan of the living area. To your left sits the capacious kitchen, with the dining/living area straight ahead, equipped with hardwood flooring, custom built-in shelving, recessed lighting, and convenient access to the large rear deck. Nearing the front of the unit are two large bedrooms and a tiled full bathroom.
The final two bedroom, one bathroom unit of this property can be found on the third floor. Through the front entrance, an expansive kitchen can be found to the left, complete with an excess of counter space and stainless steel appliances. In the rear of the unit is the sun drenched dining/living area that features hardwood floors and direct access to the large rear deck that takes in sweeping views of the rear yard foliage. Making your way back to the front of the unit, you can find two commodious bedrooms and a full hall bathroom. All three units of this property share a lower level laundry area.
Units 1 and 2 have a monthly rent of $1700, with Unit 1’s lease ending in June of 2023, and Unit 2’s lasting through May of 2023. Unit 3’s month rent is $1600, with their lease ending at the end of August of 2022.
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 Interior Row/Townhouse