1730 W DIAMOND STREET, PHILADELPHIA, PA 19121 - Steven Joseph Real Estate LLC

$850,000

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… Read More 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 7%. 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. Read Less

Courtesy of Beverly Chandran, Realty Mark Cityscape [email protected]

Listing Snapshot

Days Online

Last Updated

Jun 7, 2025

Property Type

Townhouse

Square Ft.

2,484

Lot Size

0.04 Acres

Year Built

1925

MLS Number

PAPH2483508

30 Days Snapshot Of 19121

$275k

+6%

(avg) sold price

homes sold

-12%

(avg) days on market

Snapshot

Area Map

Additional Details

Appliances & Equipment

Energy Efficient Appliances, Microwave, Oven - Self Cleaning, Oven/Range - Electric, Refrigerator, Water Heater - High-Efficiency

Basement

Full, Unfinished

Building

2,484 sqft living area, Built in 1925, Major renovation in 2024, Structure Type: Interior Row/Townhouse, 3 units in building, Traditional, Masonry

Cooling

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

Accessibility Features

Level Entry - Main

Expenses

Insurance Expense: $3,600, Maintenance Expense: $1,000, Operating Expense: $13,208, Insurance, Snow Removal, Trash

Foundation

Brick/Mortar

Heating

Electric, Baseboard - Electric, Forced Air, Hot Water

Income

Apartment Rentals

Interior Features

2nd Kitchen, Bathroom - Walk-In Shower, Ceiling Fan(s), Efficiency, Floor Plan - Traditional, Intercom, Kitchen - Efficiency, Kitchen - Table Space, Recessed Lighting, Sprinkler System, Upgraded Countertops, Wood Floors

Lot

1,530 sqft, Lot Size Dimensions: 17.00 x 90.00, 0.04 acres

Property

Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9, 9 one-bedroom units, 9 single-room units

Sewer

Public Sewer

Taxes

City/Town Tax: $2,379, City/Town Tax Pymnt Freq: Annually, County Tax Pymnt Freq: Annually, School Tax: $3,028, Tax Annual Amount: $5,408, Tax Year: 2024

Utilities

Electric Avg / Month: 300.0, Electric Prev 12 Months: 3600.0, Electric Service: 200+ Amp Service, Hot Water: Electric, Water Avg / Month: 100.0, Electric Available, Sewer Available, Water Available, Cable TV Available

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