1631 W Diamond St, Philadelphia, PA 19121

Property Description

INVESTOR ALERT — 24 HOURS NOTICE REQUIRED FOR ALL SHOWINGS. Four-unit apartment building taken back to the studs and fully rebuilt in 2018, a short walk from Temple University’s Main Campus and inside the Temple University Police patrol zone. Eleven bedrooms and nine bathrooms across four apartments, with a shared patio and roof access. Unit 1F — 2 bed / 1 bath — $900/mo (27/28 asking: $1,150/mo) Unit 1R — 3 bed / 2 bath — $1,350/mo (27/28 asking: $1,500/mo) Unit 2 — 3 bed / 3 bath — $1,575/mo (27/28 asking: $1,575/mo) Unit 3 — 3 bed / 3 bath — $1,400/mo (27/28 asking: $1,575/mo) Total $5,225/mo, or $62,700 annually on the 26/27 contract. 27/28 asking rents total $5,800/mo, or $69,600 annually. Modern finishes throughout: quartz counters, shaker cabinetry and stainless appliances in the kitchens, spa shower panels, hardwood floors, central air, and washer and dryer in every apartment. Tenants pay water, electric and wifi. A tax abatement arising from the 2018 rehabilitation has not yet expired; purchasers should underwrite on the unabated figure and verify the term with the City. Owner’s operating statement and unit plans available to qualified buyers. This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665182, PAPH2665188, PAPH2665196, PAPH2665198 and PAPH2686570