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Prime Investment Opportunity in a Thriving Neighborhood - 447 Diamond Street Unlock the potential of this incredible mixed-use property in one of the city's 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 shops"”all 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 you're 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. Don't miss out on this rare opportunity to secure a mixed-use property in one of Philadelphia's most promising locations. Contact us today to schedule a tour and explore the immense value this property has to offer!
Property Type(s):
Multi Family
| Last Updated | 3/19/2025 | Year Built | 1875 |
|---|---|---|---|
| Community | 19122 (19122) | County | PHILADELPHIA |
SCHOOLS
| School District | PHILADELPHIA CITY |
|---|
Price History
| Prior to Jan 10, '25 | $700,000 |
|---|---|
| Jan 10, '25 - Jan 24, '25 | $650,000 |
| Jan 24, '25 - Mar 19, '25 | $645,000 |
| Mar 19, '25 - Today | $640,000 |
Additional Details
| AIR | Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | 19122 (19122) |
| HEAT | Central, Electric |
| LOT | 871 sq ft |
| LOT DIMENSIONS | 18.00 x 60.00 |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | Traditional |
| TAXES | 3089 |
| WATER | Public |
Location
Listing provided by Realty ONE Group Focus
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Keller Williams participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than Keller Williams are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
2025 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Data last updated: 4/19/25 8:18 AM PDT
This IDX solution is (c) Diverse Solutions 2025.
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