1627 W DIAMOND STREET
Property Description
Investor Alert! 24-hour notice required for all showings. Fully occupied and fully leased through July 2027, this exceptional triplex offers immediate cash flow and strong long-term upside.The property is currently generating $51,300 in annual gross rental income, with meaningful upside on Unit 1 upon lease turnover this income-producing asset is an outstanding opportunity for investors seeking a stable base of cash flow plus a clear path to increased returns.Completely gutted and renovated in 2015, the property benefits from modern infrastructure and finishes. The 1:1 bedroom-to-bathroom ratio aligns with current student housing demand trends, helping to ensure future rentability and maintain competitive occupancy levels.Unit 1: 5 Bed / 5.5 Bath Currently rented at $1,350/month (historically rented at $2,600/month significant upside potential upon lease renewal)Unit 2: 3 Bed / 3 Bath Rented at $1,350/monthUnit 3: 3 Bed / 3 Bath Rented at $1,575/monthThis property is being marketed individually and as a package that includes the properties with the following MLS numbers: PAPH2665118, PAPH2665128, PAPH2665158, PAPH2665168, PAPH2665172, PAPH2665174, PAPH2665178, PAPH2665182, PAPH2665180, PAPH2665184, PAPH2665188, PAPH2665192, PAPH2665196, PAPH2665198 and PAPH2665206
Broker Details
Berkshire Hathaway HomeServices Fox & Roach, Realtors (610) 647-8300
MLS ID: 6644632 State License Number: RS371661
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $556,000 |
| Year Built: | 2015 |
| Lot Size: | 4,128.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-FOXROACH-PAPH2665128
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