2,484 SqFt
2,484 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,484 sqft
Price per Sqft $342
Subdivision Temple University
MLS Listing ID PAPH2483508
Style Traditional
Abv Grd Liv Area 2,484
Year Built 1925
Available Date 2025-05-25
Annual Tax Amount $5,408
Tax Year 2024
Lot Size 1,530 Sqft
Acres 0.04
Lot Dimensions 17.00 x 90.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
The property's strategic layout minimizes vacancy risks while optimizing cash flow. Even if one tenant moves out, the remaining units continue to generate income, ensuring consistent returns. Additionally, the flexibility to offer short-term, medium-term, or long-term rentals allows investors to capitalize on shifting market demands, maintaining optimal occupancy rates year-round.
1730 W. Diamond Street is a standout investment purchase due to its significant 2024 upgrades, including modernized kitchens, enhanced bathrooms, and smart home features. With 9 rentable units, the potential income stream can significantly exceed that of a standard 4-unit quad or multi-family property. Plus, while a single vacancy in a quad can reduce income by 25% or more, this co-living building's structure ensures minimal financial impact from tenant turnover.
Furthermore, the tenant pool for co-living properties is diverse and stable, ranging from working professionals and downsizing seniors to short-term residents seeking flexible, fully equipped living spaces. This broader tenant base not only reduces turnover but also minimizes costly repeat repairs often associated with conventional apartment rentals. This co-living property is not just an investment; it's a strategic asset designed for sustainable, high-yield returns. Each unit is recently renovated. Cash deal preferred, as-is sale, and POF required before scheduling an appointment to see the property. Agent nor the seller is responsible for incorrect public information, including taxes. Showings are preferred during the Open House schedule due to the tenant's work schedules. CAP RATE Approximately 7%
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Rooms
Basement Full, Unfinished
Interior
Interior Features 2nd Kitchen, Bathroom - Walk-In Shower, Ceiling Fan(s), Efficiency, Floor Plan - Traditional, Intercom, Kitchen - Efficiency, Kitchen - Table Space, Recessed Lighting, Sprinkler System, Upgraded Countertops, Wood Floors
Hot Water Electric
Heating Baseboard - Electric, Forced Air, Hot Water
Cooling Ceiling Fan(s), Multi Units, Window Unit(s)
Inclusions Appliances
Equipment Energy Efficient Appliances, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Water Heater - High-Efficiency
Fireplace N
Appliance Energy Efficient Appliances, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Water Heater - High-Efficiency
Heat Source Electric
Exterior
Utilities Available Electric Available, Sewer Available, Water Available, Cable TV Available
Water Access N
Accessibility Level Entry - Main
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 321177300
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Fire Detection System,Main Entrance Lock,Smoke Detector,Sprinkler System - Indoor,Intercom
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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