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!
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1875
Living Area: 2,952 SqFt
Listing Office:
Office Name: Realty ONE Group Focus
Office Phone: (484) 500-1681
Listing Agent: Tyrell Taylor
Exterior Features
Parking Information:
Parking: On Street
Lot Features
Lot Information:
Lot Size: 0.02 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Corner of 4th and Diamond.
Municipality:
Philadelphia
Price Information
Listing Price Info
Price Summary:
List Price: $700,000
Price Per SqFt: $237/SqFt
Tax Information:
Annual Amount: $1,545
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Philadelphia, PA.
This property is $438.1K more than the Median Sold Price and $38/SqFt more than other homes in Philadelphia, PA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #PAPH2410900
Listing Office:
Office Name: Realty ONE Group Focus
Office Phone: (484) 500-1681
Listing Agent: Tyrell Taylor
Information Deemed Reliable But Not Guaranteed. 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 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. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,561
Per Month
Principal & Interest
$3,494
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,165
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
John Moffet Elementary School
127 W Oxford St
Distance between this listing and this school0.64 miles
Public District Grades KG-5
7
/10
Horatio B. Hackett School
2161 E York St
Distance between this listing and this school0.82 miles
Public District Grades KG-5
1
/10
Isaac A. Sheppard Elementary School
120 W Cambria St
Distance between this listing and this school0.93 miles
Public District Grades KG-4
Nearby Schools
3
/10
William McKinley School
2101 N Orkney St
Distance between this listing and this school0.06 miles
Public District Grades KG-8
2
/10
John Welsh Elementary School
2331 N 4th St
Distance between this listing and this school0.30 miles
Public District Grades KG-8
2
/10
John F. Hartranft School
720 W Cumberland St
Distance between this listing and this school0.46 miles
Public District Grades KG-8
Nearby Schools
2
/10
The U School: Innovative Lab
2000 N 7th St
Distance between this listing and this school0.22 miles
Public District Grades 9-12
2
/10
Kensington Creative & Performing Arts High School
1901 N Front St
Distance between this listing and this school0.58 miles
Public District Grades 9-12
2
/10
Philadelphia Military Academy at Elverson
2118 N 13th St # 2160
Distance between this listing and this school0.68 miles
The neighbors living near this home have an average income of $11,609. The most common annual income of people living in Philadelphia, PA is less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 447 Diamond St in Philadelphia, PA and zip code 19122 in the Hartranft neighborhood. This 2,952 square foot home, which was built in 1875, sits on a 0.02 acre lot. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $700,000.
Philadelphia, PA housing market in October 2024 saw over 252 listings sold above listed price, more than 237 sold at listed price and over 567 sold below. The number of homes for sale in Philadelphia, PA increased by 9.8% between September 2024 and October 2024. In October 2024, listings were on the market for 44 days. During the same period, the median list price in this real estate market was $261,807.
From Rocket Homes Real Estate and based on county public records data.