447 Diamond Street, Philadelphia, PA 19122-1542 $700,000
Interior Sq. Ft: 2,952
Acreage: 0.02
Age:149 years
Taxes: $3,153
Design/Type:
Over Storefront
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!
Home Assoc: No
Condo Assoc: No
Basement:
Pool: No Pool
Features
Utilities
Central Heating, Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
On Street
Exterior
Masonry
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Public Elementary (147 schools)
Public Middle (29 schools)
Public High (69 schools)
Private (100 schools)
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This report is a detailed community overview for Philadelphia (19122), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 29
- Average salary of people in this community: $37,204
Community Summary
- Population Density (ppl / mile): 17,071
- Household Size (ppl): 2.69
- Households w/ Children: 54%
Housing Inventory
- Owned: 2,868 (36.2%)
- Rented: 3,795 (47.8%)
- Vacant: 1,270 (16.0%)
- Total: 7,933
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 9.3%
- Some High School: 12.4%
- High School Graduate: 34.5%
- Some College: 13.6%
- Associate Degree: 4.1%
- Bachelor's Degree: 17.5%
- Graduate Degree: 8.6%
Income by dollar range
Median Income: $37,198
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $712
- One Bedroom: $813
- Two Bedroom: $955
- Three Bedroom: $1,264
- Four Bedroom: $878
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-285-5104
Listing Courtesy of: Realty ONE Group Focus , (484) 500-1681, stacey@rogfocus.com
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 Patterson-Schwartz Real Estate 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.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 11/02/2024.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.