2848 W Diamond Street - boutique new construction multifamily in Fairmount Park Philadelphia
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.
Unit 1F
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Unit 1R
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