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6940-2 Torresdale AvenuePhiladelphia, PA 19135

For Sale

$980,000

Smart Buyer Rebate $9,800

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.

Listed by Adam Rocco

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License #RS336988

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REDBLOCK Realty Inc.

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2157782517

Last updated June 03, 2025

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Source: BrightMLS #PAPH2489752

Listing Facts

  • TypeMulti-family
  • NeighborhoodTacony
  • Days on Prevu96
  • Taxes$2,844/year
  • Size4,528 sqft
  • Price per sqft$216

Location

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Listing History

06/03/2025
Listed by REDBLOCK Realty Inc.
$980,000

Property Details for 6940-2 Torresdale Avenue

Exterior

Construction

  • New Construction: No
  • Number Of Units Total: 3
  • Roof: Flat
  • Year Built: 1935
  • Architectural Style: Traditional
  • Construction Materials: Masonry

Features

  • Other Structures: Above Grade, Below Grade
  • Waterfront: No

Measurements

  • Lot Dimensions Source: Assessor
  • Lot Size Acres: 0.03
  • Lot Size Dimensions: 16
  • Lot Size Source: Estimated
  • Lot Size Square Feet: 1,306
  • Lot Size Units: Square Feet

Financial

Taxes

  • Tax Annual Amount: $2,844.00
  • Tax Year: 2025

Interior

Features

  • Fireplace: No

Measurements

  • Living Area: 4,528
  • Living Area Source: Estimated

Other

Location

  • Subdivision Name: TACONY
  • Tax Lot: 75

Parking

Parking

  • Garage: No

Utilities

Equipment

  • Cooling: Central A/C
  • Electric: 100 Amp Service
  • Heating: Central
  • Has Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Natural Gas Available
  • Water Source: Public

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Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.