NOT LISTED FOR SALE

6918 Torresdale Ave Philadelphia, PA 19135

Tacony Neighborhood
-- Bed
1 Bath
4,040 Sq Ft
2,767 Sq Ft Lot

Last Sold February 15, 2016

Last sale price $255,000 $63 Per Sq Ft

Highlights

  • No HOA
  • En-Suite Primary Bedroom
  • Hot Water Heating System
  • Home Security System
  • Forced Air Heating and Cooling System
  • East Facing Home

About This Home

As of February 2016

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!

Last Agent to Sell the Property

Charles Balducci

(484) 430-1632 philadelphialuxuryhomes@gmail.com KW Empower License #RS286990 Listed on: 11/21/2015

KW Empower

Last Buyer's Agent

Ben Slater

(610) 348-0446 SlaterMaxRealtor@yahoo.com RE/MAX Preferred - Newtown Square License #RS314851

RE/MAX Preferred - Newtown Square

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,790

Year Built

  • Built in 1915

Lot Details

  • 2,767 Sq Ft Lot
  • Lot Dimensions are 34x83
  • East Facing Home

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • En-Suite Primary Bedroom
  • 4,040 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Home Security System

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Heating System Uses Gas
  • Back Up Electric Heat Pump System
  • Hot Water Heating System
  • 200+ Amp Service
  • 100 Amp Service
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 87 & 88
  • Assessor Parcel Number 871563570 871563580

Community Details

Overview

  • No Home Owners Association
  • Tacony Subdivision

Building Details

  • Insurance Expense $3,600
  • Maintenance Expense $1,510
  • Other Expense $1,600
  • Operating Expense $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,790

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Ownership: Fee Simple
  • New Construction: No
  • Other Expense: 1600.00
  • Year Built: 1915
  • Remarks Public: 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!
  • Special Features: None

Interior Features

  • Interior Amenities: Store/Office
  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 4040
  • Living Area Sq Ft: 4040
  • Price Per Sq Ft: 70.54
  • Above Grade Finished Sq Ft: 4040
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 6918-20

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Roof: Flat
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Electric Service: 100 Amp Service, 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Heat Pump - Electric Backup, Hot Water, Forced Air, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Sewer Expenses: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: THE SCHOOL DISTRICT OF PHILADELPHIA
  • School District Key: 300200397108

Lot Info

  • Land Use Code: Y30
  • Lot Size Acres: 0.06
  • Lot Dimensions: 34X83
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2767.00
  • Zoning: CMX2

Rental Info

  • Vacation Rental: No

Multi Family

  • Gross Income: 45300.00
  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 1179356
  • Tax Annual Amount: 3790.00
  • Assessor Parcel Number: 871563570 871563580
  • Tax Lot: 87 & 88
  • Tax Year: 2015
  • Close Date: 02/15/2016

MLS Schools

  • School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 1995
Sold by
Rosenwald Neil and Rosenwald Barbara
Bought by
R & S Hardware Inc
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
R & S Hardware Inc $110,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2016 02/15/16 Sold $255,000 -10.5% $63 / Sq Ft
01/14/2016 01/14/16 Pending -- -- --
11/21/2015 11/21/15 For Sale $285,000 -- $71 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,233 $177,900 $35,580 $142,320
2024 $2,233 $177,900 $35,580 $142,320
2023 $2,233 $159,500 $31,900 $127,600
2022 $2,105 $159,500 $31,900 $127,600
2021 $2,105 $0 $0 $0
2020 $2,105 $0 $0 $0
2019 $2,086 $0 $0 $0
2018 $2,026 $0 $0 $0
2017 $1,979 $0 $0 $0
2016 $1,979 $0 $0 $0
2015 $1,895 $0 $0 $0
2014 -- $141,400 $14,000 $127,400
Source: Public Records

Agents Affiliated with this Home

  • Charles Balducci

    Seller's Agent in 2016

    Charles Balducci

    KW Empower

    (484) 430-1632

    19 Total Sales

    Charles Balducci
    Section Image
  • Ben Slater

    Buyer's Agent in 2016

    Ben Slater

    RE/MAX

    (610) 348-0446

    75 Total Sales

    Ben Slater
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002741408

Bright MLS

APN: 871563570

Pennsylvania Philadelphia County Philadelphia 19135 Tacony

6918 Torresdale Ave, Philadelphia, PA

This home is located at 6918 Torresdale Ave, Philadelphia, PA 19135 since 21 November 2015. This property was built in 1915. 6918 Torresdale Ave is a home located in Philadelphia County with nearby schools including Lincoln High School, Disston Hamilton School, and Maritime Academy.

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