1507 Fairmount Ave

Fairmount Neighborhood is a residential area northwest of Center City, bordered by Girard Avenue, Broad Street, Spring Garden Street, and the Schuylkill River. It attracts young families, students, and professionals with its growing restaurants, bars, cafes, and green spaces. Historically anchored by the Philadelphia Water Works, Eastern State Penitentiary, and Girard College, Fairmount has evolved into a vibrant hub for residents and tourists. Since opening in 2002, Eastern State Penitentiary has boosted local tourism and business. Located at the end of the Benjamin Franklin Parkway, the neighborhood is near major cultural sites like the Philadelphia Museum of Art and the Franklin Institute. Events like the Philadelphia Marathon and “Made in America” Festival often take place here, earning it the nickname “Art Museum Area.”MPN Realty, Inc. is pleased to present the exclusive sale of 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 countertops, and 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.