1741 W Diamond St, Philadelphia, PA 19121

$549,900
: 3,717
SqFt

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List Price: $549,900
Status: ACTIVE
MLS#: PAPH2672654
Living Area: 3,717
Lot Size (Acres): 0.04
Style: Contemporary
Year Built: 2016
County: Philadelphia
School District: Philadelphia City

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Property Description

INVESTOR ALERT — 24 HOURS NOTICE REQUIRED FOR ALL SHOWINGS. Ground-up new construction triplex completed in 2016, a short walk from Temple University's Main Campus and inside the Temple University Police patrol zone. Eleven bedrooms and eleven bathrooms — true one-to-one parity, so every bedroom in the building has its own bathroom, which almost no competing stock in this submarket delivers. Unit 1 — 5 bed / 5 bath — $2,500/mo. Unit 2 — 3 bed / 3 bath — $1,275/mo. Unit 3 — 3 bed / 3 bath — $1,500/mo. Total $5,275/mo, or $63,300 annually on the 26/27 contract — up 15.3% on the prior season, achieved and contracted. Units 1 and 3 are let by the room; Unit 2 is let to a family on a single lease. Not a conversion: built new in 2016, with the major systems still young. The ten-year tax abatement has fully expired and the 2026 bill is carried in full, so an incoming owner inherits the tax line as shown. Offered individually or alongside 1735 W Diamond St, a near-identical building three doors east.

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Additional Information

Area: 19121 (19121)
Subdivision: Temple University
School District: Philadelphia City
Heating: Central
Cooling: Central Air
Water: Public
Sewer: Public Sewer
Basement: Finished