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Listed by Nadia T Bilynsky • Mallin Panchelli Nadel Realty Inc
$1,100,000
Est. payment /mo
2,985 SqFt
New
1507 FAIRMOUNT AVE Philadelphia, PA 19130
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Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,985 sqft
Price per Sqft $368
MLS Listing ID PAPH2525872
Year Built 1920
Annual Tax Amount $9,637
Tax Year 2025
Lot Size 1,834 Sqft
Acres 0.04
Lot Dimensions 23.00 x 82.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
1507 Fairmount Ave., a 5-unit apartment building in the heart of Fairmount. The property was fully renovated in 2011, featuring new kitchens with stainless steel appliances, granite counters & new cabinets; tile surround baths; new flooring throughout; and all new systems. The unit mix consists of (2) 2 bed/ 1 bath units and (3) 1 bed/ 1 bath units, all of which are self-contained. The property presents a turn-key investment opportunity with a value-add play as there is room to increase the rents. Located in the Fairmount section of Philadelphia, the site is in a very desirable area with easy access to Center City, the Art Museum, I-676, and public transportation via the Broad St line and many bus routes. Over the past couple of years Fairmount has experienced a tremendous amount of development, with new apartments and new retailers coming to the bustling commercial corridors of N. Broad St., Spring Garden St., and Fairmount Ave.
Location
State PA
County Philadelphia
Area 19130 (19130)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Central
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Private Sewer, Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 881041755
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
