Homes for sale - 1939 W DIAMOND ST, Philadelphia, PA 19121

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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

$624,888

Est. payment - /mo

6,000 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $104

Subdivision Temple University

MLS Listing ID PAPH2426272

Originating Board BRIGHT

Year Built 1915

Annual Tax Amount $6,451

Tax Year 2025

Lot Size 1,737 Sqft

Acres 0.04

Lot Dimensions 18.00 x 97.00

Property Sub-Type Mixed Use

Property Description

ASK ME ABOUT A CONVENTIONAL-LIKE LOAN FOR THIS UNCONVENTIONAL PROPERTY! Own a piece of Philadelphia's history AND earn instant equity when you buy this quadplex just 6 blocks from Temple University. Rent the units out, and now you have cash flow! Unit 1 is a 3 bed/1.5 bath, bi-level unit. Unit 2 is a 2 bed/2 bath unit. Unit 3 is a 3 bed/3 bath unit with the most amazing panoramic view from the 4th story. Unit 4 is a converted garage to the rear and has 1 bed/1 bath. Projected total rents are $7,500 per month. Unit 1- the commercial or 3 bed/1.5 bath unit- is projected at $2,250. The 1 bedroom is projected at $1,250. The 2 bedroom is projected at $1,750. And the 3 bed/3 bath unit is projected at $2,250. Beautifully renovated and 90% of the way to get the Certificate of Occupancy. The seller was quoted $15,000 to install the water and gas lines to the property and $30,000 to install the sprinkler system. The 1st floor is zoned for commercial use and would require a $20,000 chair lift to meet code, OR if you prefer to get a variance to use the building 100% residentially after closing, you can pocket the difference. There are just a few other touches needed to rent the units, including installing electric meters and some appliances. The 2022 Appraisal gives a $1,150,000 valuation after the building is complete and $625,000 As-Is. This property is truly a must-see.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning CMX2

Interior

Hot Water Electric

Heating Central, Forced Air

Cooling Central A/C

Inclusions All appliances that are currently in the property.

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Duckrey Tanner

Middle Schools Tanner Duckrey

High Schools Mastery Charter School At Gratz

School District The School District Of Philadelphia

Others

Tax ID 321187605

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Bank Portfolio, Joint Venture, Private, Other

Listing Terms Cash, Bank Portfolio, Joint Venture, Private, Other

Financing Cash,Bank Portfolio,Joint Venture,Private,Other

Special Listing Condition Standard

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Listed by Stacy L Sanseverino • KW Empower

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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1939 W DIAMOND ST Philadelphia, PA 19121