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William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

Listed by Guillermo Salas III • EXP Realty, LLC

$299,900

Est. payment - /mo

2,466 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,466 sqft

Price per Sqft $121

MLS Listing ID PAPH2564854

Style Straight Thru

Abv Grd Liv Area 2,466

Year Built 1915

Annual Tax Amount $2,753

Tax Year 2024

Lot Size 1,307 Sqft

Acres 0.03

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

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.

Location

State PA

County Philadelphia

Area 19121 (19121)

Zoning CMX1

Rooms

Basement Partially Finished

Interior

Hot Water Electric

Heating Central

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Private Pool No

Building

Foundation Block

Above Ground Finished SqFt 2466

Sewer Public Sewer

Water Public

Architectural Style Straight Thru

Additional Building Above Grade

New Construction N

Schools

School District Philadelphia City

Others

Tax ID 871541880

Ownership Fee Simple

SqFt Source 2466

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Financing Cash,Conventional,FHA,VA

Special Listing Condition Bank Owned/REO

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William Mercogliano III

+1(856) 472-9836

Broker Associate License ID: 0893537

1808 W SUSQUEHANNA AVE Philadelphia, PA 19121

William Mercogliano III

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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