447 DIAMOND STREET, Philadelphia, PA 19122

  • $700,000
447 DIAMOND STREET, Philadelphia, PA 19122
Active
447 DIAMOND STREET, Philadelphia, PA 19122
447 DIAMOND STREET, Philadelphia, PA 19122
  • $700,000

Overview

Property ID: PAPH2410900
  • Over Storefront, Residential Income
  • Property Type
  • 0.02
  • Lot Acres
  • 1875
  • Year Built

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!

  • Address 447 DIAMOND STREET
  • City Philadelphia
  • State/county PA
  • Zip/Postal Code 19122
  • Country US

Details

Updated on October 31, 2024 at 6:23 pm
  • Property ID: PAPH2410900
  • Price: $700,000
  • Land Area: 0.02 Acres
  • Rooms: 4
  • Garage Size: x x
  • Year Built: 1875
  • Property Type: Over Storefront, Residential Income
  • Property Status: Active

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**Property Disclaimer** The information we provide about this property is believed to be accurate to the best of our knowledge; however, it may change without notice. We are not liable for any mistakes, errors, or omissions in the information presented. We strongly recommend that you conduct your own research and verify all details independently to ensure accuracy. Your diligence in seeking correct information is essential before making any decisions. " Homes Trade Hub "

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