Property

Philadelphia, PA 19122 447 Diamond Street

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Presented By: Realty ONE Group Focus
  • MLS# PAPH2410900
  • 10/16/2024
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  • Beds • 4

Home Details

Prime Investment Opportunity in a Thriving Neighborhood 447 Diamond Street Unlock the potential of this incredible mixed-use property in one of the citys fastest-growing neighborhoods. 447 Diamond Street offers a unique investment opportunity with steady cash flow, a prime location, and the promise of long-term growth. Whether you're an experienced investor or looking to expand your portfolio, this property is a must-see! Property Features: First Floor: Commercial Space with Triple Net Lease The ground floor features a well-established convenience store currently under a Triple Net (NNN) lease. This means minimal maintenance and a reliable income stream. With high visibility and consistent foot traffic, this space is perfect for a variety of businesses, making it an excellent choice for savvy investors. Second & Third Floors: Residential Apartments Each of the two upper floors is home to a spacious 2-bedroom, 1-bathroom apartment. Recently updated with modern finishes, these units offer great natural light, ample space, and a desirable layout. Capitalize on the rental income potential or enjoy the option to live in one of the units while generating income from the others. Investment Highlights: Steady Cash Flow: With the long-term, low-maintenance commercial tenant and the income-generating residential units, this property offers multiple revenue streams and reliable cash flow. Triple Net Lease: The NNN lease on the first floor reduces your operating expenses, providing a stable and predictable income stream with minimal risk. Future Upside: The surrounding area is undergoing rapid development, increasing both the property value and future growth potential. Location & Neighborhood: Walkable Convenience: Enjoy the best of city living with easy access to local restaurants, cafes, parks, and shopsall just a few steps away. The neighborhood is vibrant, welcoming, and quickly appreciating in value, making this an ideal time to invest. Transportation & Accessibility: Excellent access to public transportation, including bus routes and the subway, as well as quick routes to major highways and downtown Philadelphia, ensures that residents and business owners will enjoy convenient and efficient commutes. Rapid Growth Area: With new developments popping up across the neighborhood, 447 Diamond Street is in the heart of a thriving, dynamic area. This makes it a perfect property for long-term investment. Why Invest in 447 Diamond Street? Whether youre looking to add a reliable income-generating asset to your portfolio or seeking a property in an area with tremendous future growth, 447 Diamond Street offers both stability and potential. Dont miss out on this rare opportunity to secure a mixed-use property in one of Philadelphias most promising locations. Contact us today to schedule a tour and explore the immense value this property has to offer!
Presented By: Realty ONE Group Focus

Interior Features for 447 Diamond Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Total Stories3

General for 447 Diamond Street

Acceptable FinancingCash, Conventional, FHA, VA
AccessibilityNone
Architectural StyleTraditional
CityPHILADELPHIA
Construction MaterialsMasonry
Cool FuelElectric
CoolingCentral A/C
CountyPHILADELPHIA
DirectionsCorner of 4th and Diamond.
DisclosuresNone
Garage Y/NNo
HeatingCentral
Home Warranty Y/NNo
Lease TypeTriple Net, Yearly
Lot Size Square Feet1080.00
Lot Size UnitsSquare Feet
MLS Area19122 (19122)
ModificationTimestamp2025-05-06T10:55:40
MunicipalityPHILADELPHIA
New ConstructionNo
Number Of Units Total3
Number of Units Leased2
NumberOfUnitsVacant
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 3
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG215.11
Property SubtypeDuplex
Property TypeMulti-Family
School DistrictPHILADELPHIA CITY
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeOver Storefront
Tax Annual Amount3089.0
Tax Assessed Value220700.0
Tax Lot400
Tax Year2025
Total Actual Rent58000.00
Total Rooms4
Total SQFT2952
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1875
Year Built SourceAssessor
ZoningCMX2

Exterior for 447 Diamond Street

Land Assessed Value44140.00
Land Use CodeY50
Lot Dimensions18.00 x 60.00
Lot Size Acres0.02
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $635,000
MLS#PAPH2410900
List Date 10/16/2024
Property Type Multi-Family
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