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Amazing opportunity to own an income-producing triplex with 1-car garage multi-family property in Fairmount. This triplex is centrally located and has close vicinity to all of the amenities on both Fairmount and Girard Avenues. Fantastic and continuous rental history. Each unit has been stripped of any lead paint with beautiful hardwood floors and new carpeting. The roof, mechanicals and, all other features of this property have been skillfully and consistently maintained. This corner property features 3 two-bedroom apartments, 1st floor zoned as a possibility to be a commercial storefront and very decent size garage you may rent separately, which is currently rented for $210. All units and common areas have been recently updated and meticulously maintained with the owner incurring very little expenses.
Currently, two units are occupied, including the rented garage, with very high interest from potential renters to rent the third floor. This property has strong income history and historically had very low vacancies.
The first-floor unit is a two-bedroom one-bathroom unit that offers private access to the spacious basement that is currently being used as storage for all tenants. 1st floor is currently rented for $1,375 for more than 5 years with good tenants who are interested to extend their stay; the current lease end is 6/30/22. 2nd unit is a fully rehabbed two-bedroom duplex with private access to the deck with nice street and city views. The current rent is $1,725 and, the lease end date is 8/31/21. The third floor is a two-bedroom duplex unit with the possibility of rooftop access.
All units have their own washer and dryer. Owner pays monthly $200 PGW gas, $80 water, $29.25 electric and, $42 trash. All other expenses are paid by the tenants. Don’t miss out on this opportunity to own and rent for full income potential or stay in one unit and rent out the two!