1422 W DIAMOND ST Philadelphia, PA 19121
UPDATED:
11/01/2024 08:38 PM
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,247 sqft
Price per Sqft $130
Subdivision Temple University
MLS Listing ID PAPH2386918
Style Other
Abv Grd Liv Area 3,247
Originating Board BRIGHT
Year Built 1915
Annual Tax Amount $5,666
Tax Year 2023
Lot Size 1,530 Sqft
Acres 0.04
Property Description
The property is well-maintained, with three of the five units recently updated and the remaining two upgraded within the past five years. The unfinished basement offers potential for additional expansion or customization. The building benefits from hot water radiator heating, with common water and gas, and each unit has its own electric meter. A single rental license covers all five units.
The unit breakdown is as follows: Unit 1 is a 1 bed, 1 bath and was previously rented for $750; Unit 2, also a 1 bed, 1 bath, previously rented for $1,000; Unit 3, a 2 bed, 1 bath, previously rented for $1,000; Unit 4, a studio, previously rented for $900; and Unit 5, a 3 bed, 2 bath, previously rented for $1,800 to $2,000. This rare corner location and the property’s attractive features make it a standout investment opportunity. The buyer needs to do their own due diligence to verify the zoning. Investors can also take advantage of Philadelphia's Housing Choice Voucher Program which will guarantee rents and maintain cashflow. The Housing Choice voucher rents can go for $8,172/month and $98,064 gross rent yearly. See the brochure located in the documents section of the listing.
With a Walk Score of 87, daily errands can be completed without a car. The property features a Transit Score of 83, offering excellent transit options for most trips, and a Bike Score of 66, indicating good biking infrastructure.
Dining options nearby include Philly Style Pizza and Grill, Master Wok, Playa Bowls, Maxi's Pizza Subs and Bar, and more. Educational institutions in the area are Duckrey Tanner School, Temple University Newman Center, Carver High School, and Philadelphia Military Academy at Elverson.
Grocery shopping is convenient with Cecil B Moore's Farmer Market, North Dauphin Grocery Store, The Fresh Grocer, Medina Mini Market, and other local options.
The property is just four minutes from the BSL NRG Station, providing quick access to Fern Rock TC via the Susquehanna Dauphin Station - BSL stop. Nearby parks include Fotterall Square, Reyburn Park, and Connie Mack Stadium.
With its prime location, attractive features, and favorable zoning, this property is a smart choice for any savvy investor. Act quickly to secure this valuable asset!
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning SPINS
Interior
Hot Water 60+ Gallon Tank
Heating Radiator
Cooling Window Unit(s)
Inclusions Refrigerator, Oven Range-Gas, Built-In Range Hood, LG Front Load Washer & Dryer
Equipment Refrigerator, Oven/Range - Gas, Built-In Range, Washer - Front Loading, Dryer - Front Loading
Fireplace N
Appliance Refrigerator, Oven/Range - Gas, Built-In Range, Washer - Front Loading, Dryer - Front Loading
Heat Source Natural Gas
Exterior
Water Access N
View City, Street
Roof Type Flat
Accessibility None
Garage N
Building
Lot Description Rear Yard
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 881147100
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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