1. Pennsylvania
2. Philadelphia
3. 1730 W DIAMOND STREET

1730 W DIAMOND STREET, Philadelphia, PA 19121

• 2,484 sqft

Property Description

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 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.

Listing Status:

Active

Date Added:

June 1, 2025 at 05:00AM

Listing Office:

Realty Mark Cityscape : 2155837777

Listing Agent:

Beverly D Chandran : 3012042292

MLS ID:

PAPH2483508

Interior

• General: 2nd KitchenBathroom - Walk-In ShowerCeiling Fan(s)EfficiencyFloor Plan - TraditionalIntercomKitchen - EfficiencyKitchen - Table SpaceRecessed LightingSprinkler SystemUpgraded CountertopsWood Floors
• Appliances: Energy Efficient AppliancesMicrowaveOven - Self CleaningOven/Range - ElectricRefrigeratorWater Heater - High-Efficiency
• Basement: FullUnfinished
• A/C: Ceiling Fan(s)Multi UnitsWindow Unit(s)
• Heating: YBaseboard - ElectricForced AirHot WaterElectric
• Disability Feature: Level Entry - Main

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Beverly D Chandran, Realty Mark Cityscape