3112 W Diamond Street, Philadelphia, PA 19121

Property Description

Fully renovated in 2023! Legal 5-unit Brownstone in prime Philadelphia location. Turnkey investment opportunity listed at $650,000 This impressive Brownstone features 5 fully updated units: 4 stylish studio apartments and 1 spacious 2-bedroom, 2-bath unit with access to a private backyard. Each unit showcases modern finishes while preserving original charm, including high ceilings, exposed brick, and oversized windows that fill the space with natural light. Four of the five units are equipped with in-unit washer and dryer. 4 of 5 tenants are veterans which has created a peaceful service based community for the building. Unit 2R rent is discounted $200 because he manages the property for the owner. He paints, drywall repairs, change battery for the keypad, clean hallways and exterior, tenant lock outs, and on call for anything regarding the building and tenants. He has resided at this property for 16 years and performed similar duties for the previous owner. Currently, all units are occupied but unit 1 and unit 2F will delivered vacant. This beautiful property has the potential to generate $5,550 per month in rental income. Located on a quiet block with abundant street parking with newly paved streets, just minutes from Kelly Drive, the Art Museum, Temple, Brewerytown, Fairmount Park, The Dell, and some of the best dining and nightlife in the city. Showings are available and will be conducted by the Unit 2R tenant/building maintenance man. Please schedule your showings at least 24 hrs in advance.

Property Features

Local Schools