447 Diamond St, Philadelphia, PA 19122 | For Sale

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For Sale $700,000 ($237.13 per Sq Ft)

$700,000 ($237.13 per Sq Ft)
  • (0)
  • Unknown Bedrooms
  • Unknown Bathrooms
  • 2,952 Sq Ft
  • 1,080 Sq Ft

Description

447 Diamond Street – Exceptional Investment Opportunity in a Prime Location

Don’t miss this incredible chance to add a high-potential property to your portfolio! Located in the heart of a vibrant, rapidly growing neighborhood, 447 Diamond Street is a versatile CMX2 zoned mixed-use building with multiple income streams.

Property Features:
First Floor: A well-established convenience store/commercial space, currently leased with a Triple Net (NNN) lease in place, ensuring steady and low-maintenance rental income. This prime commercial space offers high visibility and foot traffic, ideal for a variety of businesses.

Second & Third Floors: Two spacious 2-bedroom, 1-bathroom apartments, offering the opportunity to further capitalize on rental income. Both units feature modern finishes, plenty of natural light, and spacious layouts.

Investment Highlights:
Steady Cash Flow: The established tenant on the first floor and the income potential from the residential units make this an attractive investment opportunity for both new and seasoned investors.
Triple Net Lease: The convenience store’s NNN lease reduces the burden of property expenses, offering a stable and predictable cash flow.

Location & Neighborhood:
Walkable to Amenities: Situated in a thriving neighborhood, this property is within walking distance of local restaurants, cafes, shops, and parks. The community is rapidly appreciating in value, making it an ideal time to invest.

Transportation: Excellent public transportation options nearby, including bus routes and the subway, making commuting easy and convenient. Residents and businesses alike will benefit from quick access to major highways and downtown Philadelphia.

Future Growth Potential: The area is seeing increased development, with new businesses and residential projects underway. This makes 447 Diamond Street not just a solid investment today, but a property with significant future growth potential.

Summary:
Whether you're looking to expand your real estate portfolio or invest in a property with stable cash flow and significant upside potential, 447 Diamond Street is a must-see. Take advantage of the opportunity to own a mixed-use building in a desirable and rapidly appreciating area. Don’t let this one pass you by—contact us today for more information or to schedule a viewing!

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $700,000
Property Type Duplex (2-units)
Usable Sqft 2,952
Number of Stories 3 stories
Parking Spots 0 spots
Year Built 1875
Last Sold Unknown
Sold Price Unknown
APN # 871525280
MLS # PAPH2410900
Property ID 318518259
Lot Sqft 1,080
Zoning CMX2
Total Units 3
Days on Market 80
Original List Price Unknown
Date Updated October 31, 2024
Date Created October 19, 2024

Listing Provided By

Tyrell Taylor an agent of .


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Data last updated: January 07, 2025.
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