2200 WALLACE ST Philadelphia, PA 19130

Part of an Iconic Investment Portfolio of 4 Fairmount Multi-Family Properties. See additional listings at 2201, 2205 and 2209 Mt Vernon. Can be purchased separately or as a package.

On a quaint street in the highly desirable neighborhood of Fairmount, an incredible investment opportunity awaits you. This income-generating duplex features separate one and two-bedroom units, each with their own unique touches.

Unit one encompasses the entire first level of this home. Making your way through the entrance, you are immediately greeted by a spacious living room that features oversized windows, plush carpeting, custom built-in shelving, and recessed lighting. Through the living room is the gourmet kitchen, equipped with a plethora of wooden cabinetry, state of the art appliances, and upgraded countertops. Nestled in the back of this unit sits the grand primary suite accented with rustic exposed brick and ample closet space. The primary suite enjoys the use of a tiled full hall bath. This unit is complete with an expansive backyard brick patio that has plenty of space to accommodate an outdoor gathering with family and friends or a large private gardening area, and an exclusive laundry room on the lower level.

The two bedroom, one bathroom second unit is wonderfully spread across two floors. A sun soaked living room welcomes you into the unit, adorned with custom built-in shelves, sophisticated exposed brick, and oversized windows. Find your way to the carpeted hallway and step into the first bedroom, complete with plush carpeting, extensive closet space, and an elegant chandelier light fixture. Further down the hall is the luxurious kitchen that features stainless steel appliances, an abundance of wooden cabinetry, artistic wooden floors, and an expertly detailed tile backsplash. Make your way upstairs to the tasteful second floor loft that hosts the charming primary suite accented with carpeting, a wonderful view of the living room below, a fortune of natural light, and recessed lighting. The primary suite enjoys the use of a masterfully tiled ensuite bathroom that hosts a large single vanity and washer/dryer.

Unit one is currently vacant, and Unit 2’s lease ends at the midway point of July 2022 with a monthly rent of $1825.

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.