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6918-20 TORRESDALE AVE Philadelphia, PA 19135
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Key Details
Sold Price $255,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Tacony
MLS Listing ID 1002741360
Sold Date 02/15/16
HOA Y/N N
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
Interior
Hot Water Natural Gas
Fireplace N
Exterior
Waterfront N
Water Access N
Roof Type Flat
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 871563570 871563580
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Ben Slater • RE/MAX Executive Realty