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Jordan Muirhead

jordan@premiumrepartners.com +1(703) 615-8732

Listed by Adam Rocco • REDBLOCK Realty Inc.

$ 980,000

Est. payment -/mo

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6940-2 TORRESDALE AVE Philadelphia, PA 19135

4,528 SqFt

UPDATED:

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

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.

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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Jordan Muirhead

Agent | License ID: 0225206725

+1(703) 615-8732

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Jordan Muirhead

6940-2 TORRESDALE AVE Philadelphia, PA 19135

Key Details

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6940-2 TORRESDALE AVE