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Key Details
Sold Price $850,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,409 sqft
Price per Sqft $249
Subdivision Strawberry Mansion
MLS Listing ID PAPH2314706
Sold Date 03/14/24
Style Contemporary
Abv Grd Liv Area 3,409
Originating Board BRIGHT
Year Built 2022
Annual Tax Amount $2,183
Tax Year 2022
Lot Size 1,484 Sqft
Acres 0.03
Lot Dimensions 16.00 x 93.00
Property Description
Introducing 2904 Diamond ST - a 7.50% CAP TURNKEY NEWER CONSTRUCTION QUADPLEX. Located in the booming Brewerytown / Strawberry Mansion submarket, blocks from Fairmount Park. The building has 4 units with open floor plans, a rear yard, and THE LAST ALLOWED ROOF DECK in the submarket. Great opportunity for an INVESTOR, 1031 EXCHANGE, or OWNER-OCCUPANT INVESTOR. UNIT [One] is a 1BD | 1BA apartment, available now for an owner user and previously leased for $1,230 / Month. UNIT [Two] is a 2BD | 1BA with large rear yard apartment leased for $1,575 / Month. UNIT [Three] is a 2BD | 2BA apartment leased for $ 1,600 / Month. Upper UNIT [Four] is a 2BD | 2BA apartment with a massive skyline Roof Deck, leased for $1,625 / Month. Annual income: $72,360 | CAP: 7.50 %. Full tax abatement through 2032. In a great location for commuters, it takes just minutes to get to Center City or University City. There are several Septa routes nearby, and all major highways are easily accessible. Only steps away from Fairmount Park the developing Girard Avenue, including Crime and Punishment Brewery, Green Eggs Cafe and Aldi. Easy access to the Art Museum, Whole Foods, 30th Street Station, Boathouse Row, Fairmount Park, Kelly Drive and I-76.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility Other
Parking Type On Street
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 323116700
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with John J Gauntlett IV • KW Empower