Description
3220 W Diamond ST! Presents a Spectacular Investment Opportunity in the Strawberry Mansion neighborhood Offered @ 6.7 % CAP !!! Less than a block off Fairmont Park. Monumental TRIPLEX sits on a generous 17' x 97' parcel. Meticulously renovated and fully occupied. Unit 1 is a 1,900 SF 4 BD | 4 BA rented for $2,400 a month, Unit 2 is a 1,000 SF 2 BD| 2 BA rented for $1,500 a month, and Unit 3 is a 1,000 SF 2 BD | 2 BA rented for $1,650 a month. There is a common ROOF DECK for all units to use. Unit 1 has a private Large Backyard. Tenant pays all utilities with a flat water fee. Total Annual rent is $65,670 and NOI is $54,064. This walker and biker's "paradise" has excellent transit links with five different bus routes & its close proximity to 33rd Street, allows for a quick trip into Fairmount and Center City. 10 YEAR TAX ABATEMENT in place. This property is a perfect investment for any Established or New Investor!!! Property is located in the Qualified Opportunity Zone!!! Great for 1031 EXCHANGE!!! Seller can Provide an introduction to lender who will provide 75% LTV, 3.95% Rate for Qualified Investors!
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0BEDS
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0.04ACRES
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0BATHS
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01/2 BATHS
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3,900SQFT
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$205$/SQFT
Description
3220 W Diamond ST! Presents a Spectacular Investment Opportunity in the Strawberry Mansion neighborhood Offered @ 6.7 % CAP !!! Less than a block off Fairmont Park. Monumental TRIPLEX sits on a generous 17' x 97' parcel. Meticulously renovated and fully occupied. Unit 1 is a 1,900 SF 4 BD | 4 BA rented for $2,400 a month, Unit 2 is a 1,000 SF 2 BD| 2 BA rented for $1,500 a month, and Unit 3 is a 1,000 SF 2 BD | 2 BA rented for $1,650 a month. There is a common ROOF DECK for all units to use. Unit 1 has a private Large Backyard. Tenant pays all utilities with a flat water fee. Total Annual rent is $65,670 and NOI is $54,064. This walker and biker's "paradise" has excellent transit links with five different bus routes & its close proximity to 33rd Street, allows for a quick trip into Fairmount and Center City. 10 YEAR TAX ABATEMENT in place. This property is a perfect investment for any Established or New Investor!!! Property is located in the Qualified Opportunity Zone!!! Great for 1031 EXCHANGE!!! Seller can Provide an introduction to lender who will provide 75% LTV, 3.95% Rate for Qualified Investors!
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