$980,000
For Sale

6940 TORRESDALE AVENUE

Philadelphia, PA 19135
4528 sqft | 0.03 acres | #PAPH2489752
Listing OfficeREDBLOCK Realty Inc.
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Browse 27 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

An exceptional real estate opportunity awaits at 6940-2 Torresdale Ave—two 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.

  • Property Details
      • Utility FeaturesSewer Available, Natural Gas Available
      • Property TypeMulti-Family
      • Sewer InformationPublic Sewer
      • MLS #PAPH2489752
      • MLS #PAPH2489752
      • Utility SourcePublic
      • SubdivisionTACONY
      • Taxes Annual$2,844
      • Cost980000
      • FoundationStone
      • Property SubtypeOther
      • Acres0.03
      • Square Feet4528
      • Year Built1935

Location

Dennis Interdonato | Keller Williams Realty Ocean LivingReal Estate Group
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