3228 W Diamond St - Apartments FOR SALE


Philadelphia, PA 19121- North Philadelphia West
$749,000 USD
267-546-1732
3228 W Diamond St, Philadelphia, PA for Sale
$749,000 USD
Apartments - FOR SALE
1/6
null | 7.5% Cap Rate

3228 W Diamond St
Philadelphia, PA 19121
North Philadelphia West


OVERVIEW

MPN Realty, Inc., is proud to present the exclusive sale of 3228 Diamond Street, a 4,572 SF multifamily property located in the Strawberry Mansion neighborhood of Philadelphia. This building consists of five (5) residential units, including three (3) 3-bedroom/1.5-bath units, one (1) 1-bedroom/1-bath unit, and one (1) bi-level studio, and is properly licensed for all five (5) units. The property was previously operated as an Airbnb, and the units feature finer finishes uncommon to the surrounding market, distinguishing the offering from comparable multifamily product in the area. One of the 3-bedroom units is currently vacant, presenting a unique opportunity for an owner-occupant, while the remaining units offer upside through future rent increases to strengthen overall NOI. Situated in a rapidly developing area with close proximity to Fairmount Park and Center City, Strawberry Mansion continues to see increased investor interest driven by strong rental demand and neighborhood growth.

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$174 USD /SF

# OF UNITS

5

PRICE/UNIT

$149,800

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,192 SF

ZONING

RM-1

APN/PARCEL ID

323123000

ASK ABOUT THIS PROPERTY

Alexandra CharenMPN RealtyMore Info
267-546-1732

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Alexandra CharenMPN RealtyMore Info
267-546-1732

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.