REO Sale — Now Offered at a Significant Price Adjustment, and as such, this is an AS-IS sale! Buyer needs to complete drywall. This mixed-use triplex just steps from Temple University’s Main Campus presents a strong value-add opportunity with excellent cash-flow potential. With projected gross rents of approximately $52,800/year and a pro-forma 9.5% cap rate, this property is ideal for investors seeking scale, upside, and multiple income streams.
The building features a bi-level commercial space on the first floor—an open, flexible shell ready for a barber shop, salon, or service-oriented tenant. Above are two full-floor 2BD/2BA residential units with spacious layouts and strong rental appeal in a high-demand corridor.
The property is currently vacant, offering investors the ability to complete needed improvements, reposition the commercial space, or finish renovations without tenant disruption. With its location, size, and projected income, this property represents a compelling opportunity for both long-term investors and value-add operators.
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Listing Snapshot
Price
$299,900
Days On Site
321 Days
Bedrooms
5
Inside Area (SqFt)
2,466 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.03 Acres
Year Built
1915
MLS Number
PAPH2564854
Status
Active
Property Tax
$2,753
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
React
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