2205 Mt Vernon Street
2205 Mt Vernon Street
Closed 10/3/22
Closed 10/3/22
Description
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...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.”
Listing Agent
![Jonathan Fink]()
jonathan.fink@compass.comP: 215.805.5276
Property Details for 2205 Mt Vernon Street
Location
Sold By Coldwell Banker Realty
Property Details for 2205 Mt Vernon Street
| Status | Closed |
|---|---|
| MLS # | PAPH2131226 |
| Days on Market | 35 |
| Taxes | $8,345 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1920 |
| Lot Size | 0.03 AC / 1,359 SF |
| County | Philadelphia County |
Location
Sold By Coldwell Banker Realty
Virtual Tour
Building Information for 2205 Mt Vernon Street
Payment Calculator
$4,592 per month
30 year fixed, 7.25% Interest
$3,897
$695
$0
Property Information for 2205 Mt Vernon Street
- School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
- School District County ID: 300200397108
- SchoolDistrictSource: Listing Agent
- County: PHILADELPHIA
- MLS Area: 19130 (19130)
- Water View: No
- Water Access: No
- Water Oriented: No
- Navigable Water: No
- Tidal Water: No
- Riparian Rights Y/N: No
- Association Recreation Fee Y/N: No
- Type of Condo
- Tax Year: 2022
- Tax Assessed Value: $596,200
- Year Assessed: 2022
- County Tax: $0
- Improvement Assessed Value: $417,340
- City Town Tax: $3,766
- Land Assessed Value: $178,860
- Clean Green Assessed: No
- Land Use Code: U50
- Historic: Yes
- Zoning: RSA5
- Tax Lot: 200
- School Tax: $4,579
- Automatically Update Tax Values Y/N: Yes
- Concessions: No
- Single Room Units Count: 0
- One Bedroom Units Count: 1
- Two Bedroom Units Count: 2
- Three Bedroom Units Count: 0
- Other Units: Unit 1,Unit 2,Unit 3
- Units Leased Count: 3
- Rent Control: No
- Type: Unit 1
- Level: 1
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Type: Unit 2
- Unit Type Occupied YN: No
- Level: 2
- Beds Total: 2
- Half Baths Count: 0
- Full Baths Count: 1
- Type: Unit 3
- Unit Type Occupied YN: Yes
- Level: 3
- Unit Type Lease Type: Yearly
- Beds Total: 2
- Half Baths Count: 0
- Full Baths Count: 1
- Gross Scheduled Income: $57,600
- Existing Lease Type: Yearly
- Building Units Total: 3
- Total Finished SQFT: 2,619.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,619.00
- Total SQFT: 2,619.00
- Total SQFT Source: Assessor
- Construction Materials: Masonry
- Foundation Details: Concrete Perimeter
- Lot Size Source: Assessor
- Lot Size Dimensions: 18.00 x 75.00
- Lot Dimensions Source: Assessor
- Parcel ID: 965343
- Type Of Parking: On Street
- Fireplaces Count: 0
- Accessibility Features: Doors - Swing In
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
- Heating: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air, Heat Pump(s)
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
Property History for 2205 Mt Vernon Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2205 Mt Vernon Street
Schools near 2205 Mt Vernon Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Bache-Martin School PublicPK to 8 | ||
Franklin Benjamin High School Public9 to 12 | ||
Middle Years Alternative School Public5 to 8 | ||
Arts Academy at Benjamin Rush Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.