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.
