For Sale

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.