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

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Reamie Tabin

reamie.tabin@exprealty.com +1(757) 828-8035

Listed by Stacy L Sanseverino • KW Empower

$ 624,888

Est. payment | -/mo

5,999 SqFt

Save

$ 624,888

Est. payment | -/mo

Save

5,999 SqFt

Key Details

Property Type Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 5,999 sqft

Price per Sqft $104

Subdivision Temple University

MLS Listing ID PAPH2426256

Style Straight Thru

Abv Grd Liv Area 4,677

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 End of Row/Townhouse

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

Rooms

Basement Fully Finished

Interior

Hot Water Electric

Heating Central, Forced Air

Cooling Central A/C

Flooring Laminate Plank, Ceramic Tile

Inclusions All appliances that are currently in the building.

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade, Below Grade

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, Private, Other, Joint Venture

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

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

Special Listing Condition Standard

+1(757) 828-8035

reamie.tabin@exprealty.com

780 Lynnhaven Pkwy # 370, Beach, VA, 23452

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1939 W DIAMOND ST Philadelphia, PA 19121