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- LoopNet Team
1834 W Diamond St
Philadelphia, PA 19121
Temple University Turnkey Triplex · Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Leading local university - perennial rental demand
- Walkable to train, campus, easy access to downtown Philly
- 100% leased; no deferred maintenance
PROPERTY FACTS
| No. Units | 3 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 2,457 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | C | Year Built | 1915 |
| Zoning | RM1 | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 2,457 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1915 |
| Zoning | RM1 |
ABOUT 1834 W DIAMOND ST , PHILADELPHIA, PA 19121
1834 Diamond is a fully leased 2500 SF brick and brownstone triplex at Temple University in the booming 19121 zip code. This multifamily building contains a 3 bedroom apartment on the 1st floor and two 2 bedroom apartments on the 2nd and 3rd. Seven (7) total beds. Unit 1 leased for 1650/mo. Unit 2 leased for 1300/mo. Unit 3 leased for 1345/mo. The building performs at an attractive 7.3 per cent cap rate. Leased to grad students primarily. Leased through July 2021. Rents steadily rising in this submarket. No deferred maintenance. Low OPEX. Building in excellent condition. Washer/dryer in each unit for added convenience. Walkable to main campus, Septa subway station. Additional property(s) available if desired; inquire within. See video: https://www.youtube.com/watch?v=oR_pUZWx8eE&feature=youtu.be. MAKE YOUR MOVE!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $1,650 | - |
| 2+1 | 2 | $1,323 | - |
