$ 529,000
-
$529,000
Price -
5
Bed -
0
Bath -
2,466
SqFt
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About the Listing EXPREALP - 3141431,3187960
REO Sale — Calling All Investors! $52,800 Gross Annual Income Potential. This mixed-use triplex, located just steps from Temple University’s Main Campus, offers outstanding value-add potential and a projected 8% cap rate based on current pro-forma numbers. With projected market rents of $4,400/month (≈ $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.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
PAPH2564854
Year Built
1915
Total Square Footage
2,466
Lot/Acreage
0.03
Interior Details
- Bedrooms: 5
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2466
- Below Ground Sq Ft: n/a
- Basement: Partially Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: CMX1
- Roof:
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,753
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
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Questions About..
1808 W Susquehanna Ave Philadelphia, PA 19121
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