809 Diamond St - Apartments FOR SALE


Philadelphia, PA 19122- North Philadelphia East
$2,990,000 USD
215-837-0403
809 Diamond St, Philadelphia, PA for Sale
$2,990,000 USD
Apartments - FOR SALE
1/96
null | 6.62% Cap Rate

809 Diamond St
Philadelphia, PA 19122
North Philadelphia East


HIGHLIGHTS

  • LOCATION STRADDLES 2 HIGH-GROWTH SUBMARKETS
  • 10 YEAR TAX ABATEMENT
  • PRE-CO QOZ (OPP ZONE)
  • BRAND NEW CONSTRUCTION
  • TOP-10 USA MSA
  • STYLISH APARTMENTS

OVERVIEW

NEW CONSTRUCTION multi-family asset just off Temple University Campus and Norris Square. Four story corner lot building. 11,360 SF and 11 spacious units in total with condo level finishes. Unit mix consists of 6 one bedrooms, 3 two bedrooms, 1 two bedroom + den, and 1 three bedroom. Shared roof deck, mail and package room, interior bicycle storage, private balconies, individual apartment storage units in the basement along with mechanicals and owners storage. Building entry controlled by Swiftlane smart intercom. 10 year tax abatement. Please reach out to listing agent for pro forma financials.

FOR SALE DETAILS

PRICE

$2,990,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

11

PRICE/UNIT

$271,818

CAP RATE

6.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

809 Diamond

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

cmx2

APN/PARCEL ID

212000024

ASK ABOUT THIS PROPERTY

Connor GormanMcCann CommercialMore Info
215-837-0403

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Connor GormanMcCann CommercialMore Info
215-837-0403

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