2,980 SqFt
2,980 SqFt
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,980 sqft
Price per Sqft $221
Subdivision Temple University
MLS Listing ID PAPH2655920
Style Straight Thru
Abv Grd Liv Area 2,980
Year Built 1915
Annual Tax Amount $6,434
Tax Year 2026
Lot Size 1,800 Sqft
Acres 0.04
Lot Dimensions 18.00 x 100.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Remember 2020 interest rates? Here's your chance to get one again. While today's buyers are facing much higher borrowing costs, 1613 W. Diamond St. offers an assumable FHA loan with an incredibly low 2.25% interest rate, subject to lender approval and buyer qualification. Opportunities like this are exceptionally rare and could save the next owner hundreds of dollars each month and tens of thousands over the life of the loan.
This well maintained property features three spacious 3 bedroom apartments. Unit 1 offers 3 bedrooms and 1 bathroom and is currently rented month to month at $1,525/month, providing flexibility for an owner occupant or investor. Units 2 and 3 each feature 3 bedrooms and 2 full bathrooms and are rented for $2,000/month and $2,050/month, respectively. The property currently averages approximately $6,200 per month in rental income. With tenants paying their own electric, this property offers attractive cash flow with low operating expenses.
The property has seen numerous recent improvements, including three newer hot water heaters (all approximately 1 to 2 years old), an upgraded water pressure pump, new flooring in Unit 1, fresh paint throughout all three units, a washer and dryer drain system added to Unit 3, a front door keypad, and backyard furnishings that enhance the outdoor space.
Each unit comes equipped with stainless steel appliances, its own washer and dryer, high speed WiFi, and window air conditioning units. The sale also includes three flat screen TVs, three living room couches, two kitchen tables with chairs, three TV consoles, the property's WiFi modem and network setup, three high speed routers, more than nine window AC units, and all tools, paint, and maintenance supplies stored in the basement, making this a truly turnkey investment.
Additional features include a Landlord Locks universal key system, allowing tenants access to the foyer and their own unit while maintaining privacy from the other apartments, plus separate bedroom keys. The property also includes a security camera system that is already installed and ready to be configured, as well as a security system in Unit 1 that can be armed to alert against intruders.
Whether you're looking to expand your investment portfolio, take advantage of the assumable low interest FHA loan, or own a high performing property in one of Philadelphia's strongest rental markets, 1613 W. Diamond Street is an exceptional opportunity you won't want to miss.
Location
State PA
County Philadelphia
Area 19121 (19121)
Zoning RM1
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Laminate Plank
Inclusions Refrigerators (3), Stackable washer/dryer (3), Flat screen TVs (3), Living room couches (3), Kitchen table + chairs (2), TV consoles (3), Property WiFi modem/setup (1), Unit high-speed routers (3), Window AC units (9+), All tools, paint, supporting housing items, etc in the basement
Fireplace N
Heat Source Electric
Exterior
Exterior Feature Patio(s)
Water Access N
Accessibility None
Porch Patio(s)
Garage N
Private Pool No
Building
Foundation Stone
Above Ground Finished SqFt 2980
Sewer Public Sewer
Water Public
Architectural Style Straight Thru
Additional Building Above Grade, Below Grade
Structure Type Brick
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 321043100
Ownership Fee Simple
SqFt Source 2980
Acceptable Financing Assumption, Cash, Conventional, FHA, VA
Listing Terms Assumption, Cash, Conventional, FHA, VA
Financing Assumption,Cash,Conventional,FHA,VA
Special Listing Condition Standard
