1939 W Diamond St , Philadelphia, PA 19121
Philadelphia, PA 19121
Description
Own a piece of Philadelphia’s history AND earn instant equity when you buy this quadplex just 6 blocks from Temple University. Rent the units out, and now you have cash flow! Unit 1 is a 3 bed/1.5 bath, bi-level unit. Unit 2 is a 2 bed/2 bath unit. Unit 3 is a 3 bed/3 bath unit with the most amazing panoramic view from the 4th story. Unit 4 is a converted garage to the rear and has 1 bed/1 bath. Projected rents are $7,500 per month. Beautifully renovated and 90% of the way to get the Certificate of Occupancy. The seller was quoted $15,000 to install the water and gas lines to the property and $30,000 to install the sprinkler system. The 1st floor is zoned for commercial use and would require a $20,000 chair lift to meet code, OR if you prefer to downzone the building to 100% residential after closing, you can pocket the difference. There are just a few other touches needed to rent the units, including installing electric meters and some appliances. The 2022 Appraisal gives a $1,150,000 valuation after the building is complete and $625,000 As-Is. This property is truly a must-see.
Details
| MLS# | PAPH2426256 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 38 |
| Listing Provided By | KW Empower | Stacy L Sanseverino |
Features
| SQ Feet | 5,999 |
|---|---|
| Basement | Y |
| Units | 4 |
| Zoning | CMX2 |
| Acreage | 0.04 |
Market Activity 19121
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Learn More About This Property
| State | PA |
|---|---|
| County | Philadelphia |
| City | Philadelphia |
| Zip Code | 19121 |
| Area | 19121 |
| Community Name | Temple University |
| School District | The School District Of Philadelp |
| Elementary School | Duckrey Tanner |
| Middle School | Tanner Duckrey |
| High School | Mastery Charter School At Gratz |
| Listing VS Median (in Temple University) | |
Price: $625,000 low | high Med: $2,270 SqFt: 5,999 low | high Med: 1,616 $ / SqFt: $104 low | high Med: $1 On Site: 38 low | high Med: 168.500000 | |
