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
Taxes
Visits
Year Built
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