Listed By:
Compass Pennsylvania, LLC
Address
1921 W Diamond Street, Philadelphia, PA
Price
$ 680,000
Property Attributes
  • MLS#PAPH2273108
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19121
  • NeighborhoodTemple University
  • Zip19121
  • Style
  • Year Built1915
  • Taxes$ 8757
  • Price$ 680,000
  • Bedrooms12
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.04 Acres
Data Source:
Bright MLS
Property Description

Introducing 1921 W Diamond St! An RM-1 zoned, recently renovated, Quadruplex near Temple University with an active rental license and rent-by-the-room comps projecting to at least $7800/mo income! Unit #1 - Recently fully rehabbed - stamped concrete flooring throughout, separate entrance, sump pump Unit #2 - New kitchen cabinetry, flooring in kitchen & LVR, GE Microwave & GE Washer/Dryer Unit #3 - Newer GE Washer/Dryer & HVAC. Newer bathroom. New flooring. New paint. Unit #4 - New GE Refrigerator & GE Microwave in. Newer bathroom. Newer HVAC. New paint. Welcome to 1921 W Diamond St, a remarkable separately metered quadruplex that perfectly blends modern comfort with historic charm. Situated in a prime location minutes from Temple's campus, this property offers not just one, but four spacious 3-bedroom, 1-bathroom units, each thoughtfully designed to provide both residents and investors with an exceptional experience. For owner-occupants who want to "house hack" by living in one unit and renting the others to cover their mortgage, you can take advantage of the new 5% conventional lending option for 2-4 unit properties! With all four units currently occupied, including two on month-to-month leases, this property assures immediate rental income, making it an ideal addition to your real estate portfolio. Rent by the room comps project monthly income of nearly $8000 per month! The convenience of central air conditioning in every unit ensures year-round comfort, while the in-unit laundry facilities add a touch of luxury to the urban lifestyle. Upgraded to meet the demands of today's discerning tenants, each unit features thoughtful enhancements that elevate the living experience. Recent renovations include a BRAND NEW ROOF (2023), newly painted exterior (2023), new appliances (2023), newer cabinetry (2021), new flooring (2023), updated bathrooms (2019), newer HVAC (2021), newer washer/dryer (2019), and new paint (2023). Walking distance from Temple's main campus, 1921 W Diamond St is located in a neighborhood brimming with local amenities, eateries, and cultural attractions, while offering the perfect blend of urban living and community spirit. With proximity to public transportation, major roadways, and the vibrant heartbeat of Philadelphia, this investment opportunity is primed to deliver both short-term returns and long-term value.

Price History
9/8/2023 Listed $750,000
10/19/2023 5% - $715,000
12/15/2023 3% - $700,000
4/8/2024 3% - $680,000

General Features

Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession Negotiable
Appliances Built-In Microwave,Disposal,Dryer,Oven/Range - Electric,Refrigerator,Washer
Zoning RM1
Patio/Porch Features Patio(s)
Architectural Style Other
Construction Materials Brick
Exclusions Tenants' personal property
Year Built 1915
Property SubType Quadruplex
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County PHILADELPHIA
New Construction No
Property Type Multi-Family
Subdivision Name TEMPLE UNIVERSITY
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Status ACTIVE
Directions Take Route 611 to W Diamond St.
ModificationTimestamp 2024-05-18T09:51:08
City PHILADELPHIA
Buyer Agent Compensation 3
Total Units 4
MLS Area 19121 (19121)
Lot Size Square Feet 1746.00
Tax Assessed Value 625600.0
Waterfront Y/N No
Number of Units Leased 4
Street Name DIAMOND
Tax Annual Amount 8757.0
Structure Type Interior Row/Townhouse
Other Units Unit 1,Unit 2,Unit 4,Unit 3
Price Per Sq Ft Total 185.19
Acceptable Financing Conventional,Cash,FHA
Vacation Rental Y/N No
Virtual Tour https://my.matterport.com/show/?m=s3DZuARxN4W
Total SQFT 3672
Days on Market 252
Lease Type Yearly,Month to Month
Standard Status Active
Year Built Source Assessor
Tax Lot 231
Total Actual Rent 67200.00
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Electric
Hot Water Electric
Basement (Y/N) No
Heating Y/N Yes
Fireplace Y/N No
Street Suffix STREET
Central Air Y/N Yes
LivingAreaSource Assessor
Three Bedroom Units Count 4

Exterior Features

Pool No Pool
Water Source Public
Inclusions Refrigerators (4),Washers (4),Dryers (4)
Type of Parking On Street
Land Use Code U70
Foundation Details Other
Water View Y/N No
Lot Dimensions 18.00 x 97.00
Lot Size Acres 0.04
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 125100.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19121

Price
AVG $590K
$680K
Taxes
AVG $4,304
$8,757
Visits
AVG 421
928
Data Provided by Inside Real Estate®
Year Built
AVG 1955
1915