KARL LAW & ASSOCIATES

Description

Both Triplexes Just Repriced! Incredible Investment Opportunity: Two Side-by-Side Triplexes in the Heart of West Philly’s Booming Mantua Neighborhood for under $300,000 each! 3834 and 3836 Fairmount offer a rare chance to own two triplexes in one of Philadelphia's most rapidly developing neighborhoods—Mantua. Located just minutes from the University of Pennsylvania and Drexel University, this area is undergoing tremendous growth, with new construction projects and vacant lots that are quickly being transformed into high-demand properties. This is your opportunity to invest in a prime location with tremendous potential for long-term appreciation. These triplexes are a diamond’s in the rough, ready for you to add value and reap the rewards. While some upgrades are needed, the current owner has already begun renovations, giving you a head start on the work. Act quickly—this is your chance to step in, complete the improvements, and unlock significant rental income potential. Here’s a breakdown of the units: First Floor: A spacious 2-bedroom, 1-bath unit currently occupied by a long-term tenant. It features a living room, two bedrooms, a kitchen, basement access, and a private backyard. This unit is already generating rental income, making it an instant asset. Second Floor: A renovated 1-bedroom, 1-bath unit with a large bedroom, new vinyl flooring, and fresh paint. The kitchen is compact, but the space is flexible and can be reimagined to maximize rental value. The bathroom is conveniently located in the hallway. Third Floor: A 1-bedroom, 1-bath unit with a large kitchen and bathroom that needs some updates. With a bit of work, this space could be a desirable rental unit and boost your overall income potential. The second and third-floor units are currently vacant, offering you the opportunity to customize and renovate them to increase rental value and select your own tenants. The dry basement provides additional storage space and houses utilities, with the potential to add a washer/dryer to increase income for the first-floor unit. The backyard offers more opportunities for outdoor development or even future expansion. With the area's ongoing revitalization, this is a rare chance to own two side-by-side triplexes and take advantage of the rapid appreciation happening all around you. This property is perfect for an investor with vision—complete the renovations, raise rents, and watch the value soar. Don't miss out on this unique opportunity! Schedule a showing today before it's gone!

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