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1939 W Diamond St
For Sale $625,000
$625,000
- 4 Units
- Unknown Sq Ft
- 1,737 Sq Ft
- Unknown Cap Rate
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. Unit 1- the commercial/3 bed/1.5 bath unit- is projected at $2,250. The 1 bedroom is projected at $1,250. The 2 bedroom is projected at $1,750. And the 3 bed/3 bath unit is projected at $2,250. 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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $625,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1915 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 321187605 |
| MLS # | PAPH2426272 |
| Property ID | 321115940 |
| Lot Sqft | 1,737 |
| Zoning | CMX2 |
| Total Units | 4 |
| Days on Market | 78 |
| Original List Price | Unknown |
| Date Updated | January 16, 2025 |
| Date Created | December 12, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Stacy L Sanseverino an agent of . Lic #RS281613
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Data last updated: February 28, 2025.
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