Patterson-Schwartz Real Estate1745 W Diamond Street, Philadelphia, PA 19121-2375 $1,500,000
Interior Sq. Ft: 5,400
Acreage: 0.04
Age:109 years
Taxes: $11,654
Design/Type:
Detached
Description
THE OPPORTUNITY - Diamond Street Flats is a two property 15-unit portfolio located at 18th and Diamond Street in the North West neighborhood of Philadelphia. The portfolio consists of nine three-bedroom units, five two-bedroom units, and three one-bedroom units. A new owner will benefit from an in-place 10-year tax abatement for 1827 W. Diamond Street expiring in 2030. The Property is being offered free-and-clear RENTAL UPSIDE - Rents at nearby apartment buildings achieve up to $400 per month more than those at Diamond Street Flats. The large delta indicates that there is a rare opportunity, by improving operational efficiencies, a new owner can increase rents significantly before approaching competitive properties. DESIRABLE LOCATION - Diamond Street Flats is positioned in the North West section of Philadelphia, providing residents with access to the neighborhood’s robust dining and transportation options as well as major employment and education provider Temple University. Furthermore, the Property is poised to benefit from the continued development underway broadening the neighborhood’s resident base CONNECTIVITY - Diamond Street Flats is situated within a minutes’ walk to various SEPTA bus routes. Furthermore, residents have immediate access to the SEPTA Broad Street Line, a train line that runs through North Philadelphia and City Hall, providing residents quick access to Center City Philadelphia.
Home Assoc: No
Condo Assoc: No
Buyer Agency Comp*: 2 % Of Gross
Basement:
Pool: No Pool
Features
Utilities
Central Heating, Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
Other
Exterior
Stone Foundation, Masonry
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Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
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Public Elementary (164 schools)
Public Middle (31 schools)
Public High (74 schools)
Private (127 schools)
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This report is a detailed community overview for Philadelphia (19121), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 32
- Average salary of people in this community: $31,826
Community Summary
- Population Density (ppl / mile): 13,816
- Household Size (ppl): 2.52
- Households w/ Children: 57%
Housing Inventory
- Owned: 3,933 (23.9%)
- Rented: 8,475 (51.6%)
- Vacant: 4,024 (24.5%)
- Total: 16,432
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 3.6%
- Some High School: 18.0%
- High School Graduate: 36.6%
- Some College: 21.7%
- Associate Degree: 4.5%
- Bachelor's Degree: 8.9%
- Graduate Degree: 6.8%
Income by dollar range
Median Income: $21,201
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $631
- One Bedroom: $705
- Two Bedroom: $840
- Three Bedroom: $929
- Four Bedroom: $1,622
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Contact Information
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Listing Courtesy of: Greysteel Company LLC
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 7/16/2024.
