About 1627 W Diamond St
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/month
Unit 3: 3 Bed / 3 Bath — Rented at $1,575/month
This 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
