MLS® ID: PAPH806590
2928 POPLAR STREET
PHILADELPHIA, Pennsylvania, 19130 $599,000
Fantastic investment opportunity to own this corner mixed use property/triplex in excellent condition just steps from Fairmount Park! First floor front is a great commercial space ideal for a professional office and features a kitchenette, powder room & a very large full basement. The second floor apartment is a delightful bi-level 2 bedroom/1.5 bathroom with updated kitchen and baths. The cozy rear studio apartment features its own private patio. Utilities are separately metered. The owner has not increased any of the rents and are therefore below market value. Owner lowered the rent on the bi-level 2 bedroom apartment when one of the tenants moved out. Currently the commercial space rents for $500/month (projected rent $650-$700); the 2BR/1.5BA unit rents for $1250 & was previously renting for $1450 prior to one of the tenants vacating (projected rent $1650-$1700); the studio apartment currently rents for $725 (projected rent $800-$825).