School District: The School District Of Philadelphia
Address: 2848 W DIAMOND ST
Brand new construction quadplex located on a corner lot in the booming 19121 section of Philadelphia, Pennsylvania. Located just east of Fairmount Park, the largest urban park in the USA, 2848 Diamond is situated on a Brooklyn-esque stretch of street lined with historic brownstones and progressive urban infill new developments. The building features four 2BD x 2BA spacious bi-level apartments with over 1000 SF each. The upper units have convenient powder rooms. The high end finishes set this property apart from the rest, with luxury vinyl tile, soaring ceilings, two toned cabinetry, deluxe matching appliances, washer/dryers, quartz countertops and floating vanities. The offering yields a 6.36% attractive pro forma cap rate. Units are finishing construction and are now leasing. Ideal for an owner occupant investor; live in one unit, collect rental income from the other 3 apartments and secure record low interest rates and capture a full 10 year tax abatement. There are well over 100 units in the pipeline on the immediate and surrounding blocks that will spark transformational change in this area. Call listing agent to show.
Courtesy of: Compass Pennsylvania, LLC Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 19th June, 2021 5:42 PM