Philadelphia, PA 19121,1730 W DIAMOND ST
Philadelphia, PA 19121,1730 W DIAMOND ST
Philadelphia, PA 19121,1730 W DIAMOND ST
Philadelphia, PA 19121,1730 W DIAMOND ST
Philadelphia, PA 19121,1730 W DIAMOND ST
Philadelphia, PA 19121,1730 W DIAMOND ST
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Nigel James

Nigel James

+1(302) 354-4420
Listed by Beverly Chandran • Realty Mark Cityscape
$ 795,000
Est. payment | /mo

1,742 Sqft Lot

Save
$ 795,000
Est. payment | /mo
Save

1,742 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Temple University

MLS Listing ID PAPH2532576

Year Built 1925

Annual Tax Amount $5,408

Tax Year 2025

Lot Size 1,742 Sqft

Acres 0.04

Lot Dimensions 17 x 90

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

CO-LIVING APARTMENT BUILDING - 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 property's 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 building's 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; it's 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 tenant's work schedules. CAP RATE Approximately 10%. 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. Buyer encouraged to check with City of Philadelphia, L and I and public records to confirm all details about the property.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning RM1

Interior

Hot Water Electric

Heating Baseboard - Electric, Forced Air, Hot Water

Cooling Ceiling Fan(s), Multi Units, Window Unit(s)

Flooring Engineered Wood

Inclusions Appliances

Heat Source Electric

Exterior

Utilities Available Cable TV Available, Electric Available, Sewer Available, Water Available

Water Access N

Roof Type Flat

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 321177300

Ownership Fee Simple

Security Features Carbon Monoxide Detector(s),Fire Detection System,Intercom,Main Entrance Lock,Smoke Detector,Sprinkler System - Indoor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Masterman Julia R Secondary School

    Public | 5 - 12

  • 7

    Folk Arts-Cultural Treasures Charter School

    Public | KG - 8

  • 7

    General George A. McCall School

    Public | KG - 8

  • 7

    Laboratory Charter School

    Public | KG - 8

  • 6

    Albert M. Greenfield School

    Public | KG - 8

  • 6

    Independence Charter School

    Public | KG - 8

  • 5

    Russell Byers Charter School

    Public | PK - 6

  • 5

    Alliance for Progress Charter School

    Public | KG - 8

  • 5

    Young Scholars Charter School

    Public | 5 - 8

  • 5

    Leap Academy University Charter School

    Public | KG - 12

  • 4

    Cook-Wissahickon Elementary School

    Public | KG - 8

  • 4

    Robert Morris School

    Public | KG - 8

  • 4

    Chester A. Arthur School

    Public | KG - 8

  • 4

    Bache-Martin Elementary School

    Public | PK - 8

  • 4

    Wissahickon Charter School

    Public | KG - 8

  • 4

    Math Civics and Sciences Charter School

    Public | 1 - 12

  • 4

    People for People Charter School

    Public | KG - 8

  • 4

    Spring Garden School

    Public | KG - 8

  • 4

    Kipp Philadelphia Charter School

    Public | KG - 12

  • 4

    John F. Hartranft School

    Public | PK - 8

Middle Schools 13
  • 4

    Mastery Charter High School

    Public | 7 - 12

  • 4

    Esperanza Cyber Charter School

    Public | 6 - 12

  • 3

    Esperanza Academy Charter High School

    Public | 6 - 12

  • 2

    Eastern University Academy Charter School

    Public | 7 - 12

  • 2

    The Sd of Philadelphia Virtual Academy

    Public | 6 - 12

  • 2

    The Promise Academy at Roberto Clemente Middle School

    Public | 6 - 8

  • 1

    World Communications Charter School

    Public | 6 - 12

  • 1

    Penn Treaty

    Public | 6 - 12

  • 1

    Feltonville School of Arts and Sciences

    Public | 6 - 8

  • 0

    Wordsworth Academy

    Private | 6 - 12

  • 0

    Student Education Center & Delaware Valley High School

    Private | 8 - 12

  • 0

    Wakisha Charter School

    Public | 6 - 8

  • 0

    Truebright Science Academy Charter School

    Public | 7 - 12

High Schools 20
  • 8

    Science Leadership Academy

    Public | 9 - 12

  • 8

    Academy at Palumbo

    Public | 9 - 12

  • 7

    Carver High School

    Public | 9 - 12

  • 7

    Bodine William W High School

    Public | 9 - 12

  • 5

    Philadelphia Electrical & Tech Chs

    Public | 9 - 12

  • 5

    Parkway-Center City

    Public | 9 - 12

  • 5

    Philadelphia Military Academy at Elverson

    Public | 9 - 12

  • 5

    Multi-Cultural Academy Charter School

    Public | 9 - 12

  • 4

    Paul Robeson High School for Human Services

    Public | 9 - 12

  • 4

    Franklin Lc

    Public | 9 - 12

  • 4

    Constitution High School

    Public | 9 - 12

  • 2

    Randolph A. Philip Avt High School

    Public | 9 - 12

  • 1

    School of the Future

    Public | 9 - 12

  • 1

    Strawberry Mansion High School

    Public | 9 - 12

  • 1

    Dobbins Avt High School

    Public | 9 - 12

  • 1

    Benjamin Franklin High School

    Public | 9 - 12

  • 1

    Mastery Charter School at Gratz

    Public | 9 - 12

  • 1

    Charter High School for Architecture and

    Public | 9 - 12

  • 1

    Kensington Creative & Performing Arts High School

    Public | 9 - 12

  • 1

    Edison / Fareira High School

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Nigel James
Nigel James

+1(302) 354-4420

210 Sandra Rd, Willmington, Delaware, 19803, United States

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1730 W DIAMOND ST