1627 W Diamond St,PHILADELPHIA, PA 19121
PHILADELPHIA, PA 19121
Description
Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional triplex offers immediate cash flow and strong long-term upside. The property is currently generating $51,300 in annual gross rental income, with meaningful upside on Unit 1 upon lease turnover - this income-producing asset is an outstanding opportunity for investors seeking a stable base of cash flow plus a clear path to increased returns. Completely gutted and renovated in 2015, the property benefits from modern infrastructure and finishes. The 1:1 bedroom-to-bathroom ratio aligns with current student housing demand trends, helping to ensure future rentability and maintain competitive occupancy levels. Unit 1: 5 Bed / 5.5 Bath - Currently rented at $1,350/month (historically rented at $2,600/month - significant upside potential upon lease renewal)Unit 2: 3 Bed / 3 Bath - Rented at $1,350/monthUnit 3: 3 Bed / 3 Bath - Rented at $1,575/month This property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665178, PAPH2665182, PAPH2665180, PAPH2665184, PAPH2665188, PAPH2665192, PAPH2665196, PAPH2665198 and PAPH2665206
Details
| MLS # | PAPH2665128 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | New Construction |
| Status | Active-bright |
| Year | 2015 |
| Days On Site | 25 |
| Listing Provided By | BHHS Fox & Roach-Center City Walnut | Danielle Redenbaugh |
Features
| SQ Feet | 4,128 |
|---|---|
| Units | 3 |
| Zoning | RM1 |
| Acreage | 0.04 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Heat Pump(s) |
Exterior
| Construction Materials | Masonry |
|---|---|
| Foundation Details | Brick/Mortar |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 7550 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | TEMPLE UNIVERSITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in TEMPLE UNIVERSITY) | |
Price: $556,000 low | high Med: $199,900 sqft: 4,128 low | high Med: 1,465 $ / sqft: $135 low | high Med: $140 On site: 25 low | high Med: 29 | |
Market Activity 19121
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19121 |
| Area | 19121 (19121) |
| Community Name | TEMPLE UNIVERSITY |
| School District | PHILADELPHIA CITY |
| Listing VS Median (in TEMPLE UNIVERSITY) | |
Price: $556,000 low | high Med: $199,900 sqft: 4,128 low | high Med: 1,465 $ / sqft: $135 low | high Med: $140 On site: 25 low | high Med: 29 | |
