REO Sale - Now Offered at a Significant Price Adjustment. 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,… Read More 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. With projected market rents of $4,400/month (2248; $52,800/year), this asset delivers a strong income profile. After expenses, the building produces a projected NOI of $42,553, making this an attractive opportunity for buy-and-hold investors seeking solid returns in a rapidly developing corridor. The property features a bi-level white box commercial space on the first floor that has a layout perfectly suited for a barber shop, salon, or personal-service business. The space is ready for an investor or entrepreneur to complete and capture commercial income immediately. Upstairs are two full-floor residential units, each configured as 2 bedrooms / 2 bathrooms, spanning the entire 2nd and 3rd floors. These units offer spacious layouts, strong rental appeal, and excellent upside - especially in a market where well-located 2BR units near Temple can command premium rents. The building is currently vacant, allowing for a full renovation strategy, immediate repositioning, or lease-up without tenant interruptions. Whether you're an investor seeking cash flow, value-add potential, or long-term appreciation, this property presents a rare opportunity at a compelling price point. Read Less
Courtesy of Guillermo Salas III, EXP Realty, LLC 888-397-7352
Listing Snapshot
Days Online
111
Last Updated
Property Type
Triplex
Square Ft.
2,466
Lot Size
0.03 Acres
Year Built
1915
MLS Number
PAPH2564854
Additional Details
Basement
Partially Finished
Building
Built in 1915, Built in 2025 (effective), Living area: 2466, Construction Materials: Masonry
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
Confirm your time
Fill in your details and we will contact you to confirm a time.