4,528 SqFt
4,528 SqFt
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,528 sqft
Price per Sqft $216
Subdivision Tacony
MLS Listing ID PAPH2489752
Style Traditional
Abv Grd Liv Area 4,528
Year Built 1935
Annual Tax Amount $2,844
Tax Year 2025
Lot Size 1,306 Sqft
Acres 0.03
Lot Dimensions 16.00 x 180.00
Property Sub-Type Other
Source BRIGHT
Property Description
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.
Location
State PA
County Philadelphia
Area 19135 (19135)
Zoning CMX25
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Sewer Available, Natural Gas Available
Water Access N
Roof Type Flat
Street Surface US Highway/Interstate
Accessibility None
Road Frontage State
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871195250
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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