ASK ME ABOUT A CONVENTIONAL-LIKE LOAN FOR THIS UNCONVENTIONAL PROPERTY! Own a piece of Philadelphias 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.
Presented By: KW Empower
Interior Features for 1939 W Diamond Street
Other Interior Features
Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
Number of Elevators
General for 1939 W Diamond Street
Acceptable FinancingCash, Bank Portfolio, Joint Venture, Private, Other
Accessibility2+ Access Exits
Business TypeApartment Building, Other, Other/General Retail, Flex, Professional
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
Directions20th and Diamond
HeatingCentral, Forced Air
Lot Size Square Feet1737.00
Lot Size UnitsSquare Feet
MLS Area19121 (19121)
ModificationTimestamp2025-04-28T10:40:46
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total4
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG104.15
Property ConditionExcellent
Property SubtypeMixed Use
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NameTEMPLE UNIVERSITY
Tax Annual Amount6451.0
Tax Assessed Value460900.0
Tax Lot225
Tax Year2025
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1915
Year Built SourceAssessor
ZoningCMX2
Exterior for 1939 W Diamond Street
Building Area Total6000.00
Car Parking Spaces
Foundation DetailsStone
InclusionsAll appliances that are currently in the property.
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