6940-2 Torresdale Ave,PHILADELPHIA, PA 19135
PHILADELPHIA, PA 19135
Description
An exceptional real estate opportunity awaits at 6940-2 Torresdale Avetwo fully renovated properties being sold together. 4 Residential Apartments and 2 Commercial Spaces. Conveniently located in the Northeast - Tacony area. These properties feature four beautifully updated residential apartments. Two modern studios, and two spacious two-bedroom, one-bath units. All designed with sleek laminate flooring, all-electric utilities, and a brand-new contemporary kitchen. Each apartment is cable-ready, and the living room includes a ceiling fan for added comfort. In addition to the four residential spaces, these properties also include two fully renovated commercial spaces on the ground level, making them an ideal investment for business owners or those looking to expand their portfolio. The combined offering of 6940-2 Torresdale Ave presents incredible value with matching layouts across both buildings. Perfectly situated near public transportation with easy access to I-95, these properties are in a prime location. Nearby Disston Park offers a great spot for outdoor recreation, adding to the appeal of this vibrant neighborhood. Whether you're searching for move-in-ready apartments or an outstanding investment opportunity, 6940-2 Torresdale Ave delivers unmatched potential at an amazing value! Both properties are 100% leased. Gross annual rents $100,000, and low annual expenses only $15,000 which includes taxes, insurance, water. Tenants pay their own PECO bill. No gas. This investment property will make you a solid and consistent 8-9% return while the properties appreciate in value and rents increase! Top-notch commercial tenants on the first floor include a coffee shop and a beautifully redone showroom for a door distributor.
Details
| MLS # | PAPH2564668 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1935 |
| Days On Site | 259 |
| Listing Provided By | REDBLOCK Realty Inc. | Adam Rocco |
Features
| Zoning | CMX25 |
|---|---|
| Acreage | 0.03 |
Interior
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Central |
Exterior
| Roof | Flat |
|---|---|
| Construction Materials | Masonry |
| Foundation Details | Stone |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Sewer Available, Natural Gas Available |
|---|
Taxes
| Tax Annual Amount | 2844 |
|---|
Area Information
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19135 |
| Area | 19135 (19135) |
| Community Name | TACONY |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in TACONY) | |
Price: $980,000 low | high Med: $215,000 On site: 259 low | high Med: 156 | |
Market Activity 19135
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Learn More About This Property
| State | PA |
|---|---|
| County | PHILADELPHIA PA |
| City | PHILADELPHIA |
| Zip Code | 19135 |
| Area | 19135 (19135) |
| Community Name | TACONY |
| School District | THE SCHOOL DISTRICT OF PHILADELP |
| Listing VS Median (in TACONY) | |
Price: $980,000 low | high Med: $215,000 On site: 259 low | high Med: 156 | |
