$1,500,000 1745 Diamond STREET, Philadelphia, PA 19121

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.