Philadelphia, PA 19135,6918-20 TORRESDALE AVE

$255,000

$285,000

10.5%
Est.Price: ?

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Est. payment /mo

4,040 SqFt


SOLD DATE : 02/15/2016

Key Details

Sold Price $255,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 4,040 sqft

Price per Sqft $63

Subdivision Tacony

MLS Listing ID 1002741408

Sold Date 02/15/16

Style Other

HOA Y/N N

Abv Grd Liv Area 4,040

Originating Board TREND

Year Built 1915

Annual Tax Amount $3,790

Tax Year 2015

Lot Size 2,767 Sqft

Acres 0.06

Lot Dimensions 34X83

Property Description

Investor Alert 26% ROI! : Tacony is on the Rise : This 4,000 SF turnkey commercial property is a very desirable premium double-wide Mixed-Use Investment Opportunity strategically located on the commercial corridor in the Heart of Tacony and is offered for sale in good condition 'as is'. First Floor: (NNN Tenant Occupied) Open 2,000 SF expansive commercial space 34'x60'. Tall ceilings, double-wide window display, use of full 2,000 SF basement and 22'x34' cement back patio. Newer Electric Heat Pump & Central Air, 200 AMP Electric Service. Second Floor: Two 1,000 SF 2BDR one bath residential units are above. Tall ceilings, gas heat, gas cooking, double-glazed windows, and each unit has 100 AMP electric service. Freshly rehabbed, 6920 offers refinished hardwood floors, while 6918 has carpeting and requires mild TLC. External iron staircase exists in back. All utilities are separately metered and the building is code compliant. This property is fully occupied and a money maker: GAI = $45,300, Expenses = $12,000, NOI = $33,300. DS (Debt Service) = $14,250 Annually with a 75% LTV. Cash flow generates a 26% ROI! This building is solid and the financials offer strong results to thoughtful investors, Rethink Tacony! And Call Us Today!

Location

State PA

County Philadelphia

Area 19135 (19135)

Zoning CMX2

Direction East

Rooms

Other Rooms Primary Bedroom

Basement Full

Interior

Interior Features Store/Office

Hot Water Natural Gas

Heating Gas, Heat Pump - Electric BackUp, Hot Water, Forced Air, Radiator

Cooling Central A/C, Wall Unit

Fireplace N

Heat Source Natural Gas

Laundry None

Exterior

Utilities Available Cable TV Available

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 871563570 871563580

Ownership Fee Simple

Security Features Security System

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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Bright MLS (BMLS)
Listed by Charles Balducci • Keller Williams Philadelphia
Bought with Ben Slater • RE/MAX Executive Realty
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7466 New Ridge Road Suite 1, Hanover, MD, 21076

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