PhiladelphieNorth Central1730 W DIAMOND STREET

1730 W DIAMOND STREET
North Central, Philadelphie, PA 19121

$800,000
Open House For Sale
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Open House
6/29
Porte ouvertes: 13:00 - 16:00
Size
2,484 pi. ca.
Intérieur
.04 Acres
Extérieur
Financial
$800,000
AUTRE DEVISE
$451
Monthly taxes
$5,408
Annual taxes
Details
Multi-Family Home
Type de propriété
1925
Année de construction
15469538
Identifiant Web
128
Jours de publication

Description

1730 W DIAMOND STREET, North Central, Philadelphie, PA 19121

PRICE REDUCTION - Calling the savvy investor! Temple University, a fully occupied, exceptional Efficiency/Co-Living Apartment Building, thoughtfully designed to include 9 income-generating units, 8 modern baths, and 7 fully equipped kitchens. The amenities include a hook-up for washers and dryers. This upgraded co-living property is a prime investment opportunity for those seeking robust cash flow and long-term stability. With multiple units producing rental income, this asset outperforms traditional single-family or multi-family investments by maximizing revenue per square foot. The propertys 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 buildings 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; its 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 due to the tenants work schedules. CAP RATE Approximately 7%. Serious inquiries can request the rent roll. MLS does not allow for inputting accurate information regarding the number of kitchens. There are 9 recently renovated units, 8 baths, and 7 kitchens. Read the details of the listing for the set-up of each room. Annual income is approximate and based on current rent roll.

This is an Active listing.

Broker Office Phone Number: 215-583-7777

Copyright © 2025Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Services

  • Refrigerator
  • Ceiling Fan
Price History Tout afficher +
Date PrixVarianceType
6/1/2025$800,000-Listé
Listing By: Realty Mark Cityscape via Data Source: Bright MLS


Located at 1730 W DIAMOND STREET, Philadelphie, Pennsylvanie 19121, North Central neighborhood, this Multi-Family Home is for Vente with a price of $800,000 USD. The property was built in 1925,. This listing has 2,484 Pi.ca. of interior space on a lot of .04 Acres. See all Homes for Vente in North Central.

Realty Mark Cityscape

Listing by: Realty Mark Cityscape
Contact Agent
Staging Information:
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