1631 W Diamond St, Philadelphia, PA 19121

Property Description

INVESTOR ALERT — 24 HOURS NOTICE REQUIRED FOR ALL SHOWINGS. Four-unit apartment building taken back to the studs and fully rebuilt in 2018, a short walk from Temple University's Main Campus and inside the Temple University Police patrol zone. Eleven bedrooms and nine bathrooms across four apartments, with a shared roof deck and patio. Unit 1F — 2 bed / 1 bath — $900/mo. Unit 1R — 3 bed / 2 bath — $1,350/mo. Unit 2 — 3 bed / 3 bath — $1,575/mo. Unit 3 — 3 bed / 3 bath — $1,400/mo. Total $5,225/mo, or $62,700 annually on the 26/27 contract. Modern finishes throughout: quartz counters, shaker cabinetry and stainless appliances in the kitchens, spa shower panels, hardwood floors, central air, and washer and dryer in every apartment. Tenants pay water, electric and wifi. A tax abatement arising from the 2018 rehabilitation has not yet expired; purchasers should underwrite on the unabated figure and verify the term with the City. Owner's operating statement and unit plans available to qualified buyers.