1,306 Sqft Lot
1,306 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Tacony
MLS Listing ID PAPH2564668
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 Mixed Use
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
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
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871195250
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=SMizj4UyPQr
Schools and Properties Nearby
- 7
Franklin Towne Charter Elementary School
Public | KG - 8
- 7
New Foundations Charter School
Public | KG - 12
- 7
Riverton School
Public | PK - 8
- 5
Maritime Academy Charter School
Public | 4 - 12
- 5
Louis H. Farrell School
Public | KG - 8
- 5
Mayfair Elementary School
Public | KG - 8
- 5
Planet Abacus Charter School
Public | KG - 8
- 5
Thomas Holme Elementary School
Public | KG - 6
- 4
Mastery Charter School - Smedley Elementary
Public | KG - 6
- 4
Tacony Academy Charter School
Public | KG - 12
- 4
Bridesburg Elementary School
Public | KG - 6
- 4
Rhawnhurst Elementary School
Public | KG - 5
- 4
J. H. Brown School
Public | KG - 6
- 4
Charles Street School
Public | PK - 6
- 3
The Philadelphia Charter School for Arts and Science
Public | KG - 8
- 3
Kennedy Crossan Academic Plus Elementary School
Public | KG - 5
- 3
J. Hampton Moore School
Public | KG - 5
- 3
William H. Ziegler Elementary School
Public | KG - 8
- 3
Gilbert Spruance Elementary School
Public | KG - 8
- 3
Henry W. Lawton Elementary School
Public | KG - 5
- 4
Woodrow Wilson Middle School
Public | 6 - 8
- 4
Palmyra High School
Public | 7 - 12
- 2
Austin Meehan Middle School
Public | 6 - 8
- 1
Warren G. Harding Middle School
Public | 6 - 8
- 9
Franklin Towne Chs
Public | 9 - 12
- 2
Northeast High School
Public | 9 - 12
- 1
Frankford High School
Public | 9 - 12
- 1
Abraham Lincoln High School
Public | 9 - 12
- 1
Pennsauken High School
Public | 9 - 12
- 0
St Hubert Catholic High School for Girls
Private | 9 - 12
- 0
Father Judge High School
Private | 9 - 12
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