$519,000

2928 Poplar St

PHILADELPHIA PA, 19130

Description

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 is $650-$700); the 2BR/1.5BA unit rents for $1250 and is substantially under market value (projected rent is $1650-$1700); the studio apartment currently rents for $725 (projected rent $800-$825).

Details

MLS#PAPH805836
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1920
Days On Site223

Features

SQ Feet1,800
Story(s)0
ZoningCMX1

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Area Information

StatePA
CityPHILADELPHIA
Zip Code19130
Area19130 (19130)
Listing VS Median (in 19130)
Price:
$519,000
low | high
Med:
$110,000
100% of Average
SqFt:
1,800
low | high
Med:
398
100% of Average
$ / SqFt:
$288
low | high
Med:
$276
54.145002468992% of Average
On Site:
223
low | high
Med:
117
100% of Average
Listing Updated: 01/22/2020
MLS Number: PAPH805836
Listing Provided By:
Juliet C Welker  of  Coldwell Banker Welker Real Estate
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