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    3220 W Diamond Street

    PHILADELPHIA, PA 19121
    • $799,200
    • STATUS: Active
    • ON SITE: 113 days
    • ID#: PAPH954328
    UPDATED: 25 min ago
    $799,200
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,900
      SQFT
    • $205
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Ratings & Info

    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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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty - Matt Fetick Team. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-05T07:19:56.317.
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    3220 W Diamond Street PHILADELPHIA, PA 19121

    • Price: $799,200
    • Status: Active
    • Updated: 25 min ago
    • ID#: PAPH954328
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    3,900
    SQFT
    $205
    $/SQFT
    1915
    Built
    Neighborhood:
    Strawberry Mansion
    County:
    Philadelphia
    Area:
    19121 (19121)
    School District:
    The School District Of Philadelphia
    Property 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!
    Exterior Features

    Architectural Style Contemporary Construction Materials Masonry Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 3900 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Central Heating YN Yes Interior Features Floor Plan - Open Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 2

    Property Features

    Accessibility Features Other Assessment Year 2020 Association YN No Central Air YN Yes Cooling Fuel Electric Cross Street 33 Existing Lease Type Yearly Heating Fuel Electric Hot Water Electric Incorporated City Name Philadelphia Insurance Expense 2000.00 Navigable Water YN N Net Operating Income 54064.00 New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Operating Expense 11606.00 Original MLSNumber 304392210921 Owner Pays InsuranceManagementSnow RemovalTaxes - Real EstateWater Ownership Interest Fee Simple Possession 0-30 Days CdNegotiable Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 1057.00 Tax Assessment Amount 75500.00 Tax Lot 256 Total Actual Rent 65670.00 Vacation Rental YN No Water Source Public Zoning Rm1

    Listing courtesy of Keller Williams Philadelphia.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty - Matt Fetick Team. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-03-05T07:19:56.317.
     
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    210 S Mill Rd Suite 104
    Kennett Square PA, 19348