School District: The School District Of Philadelphia
Address: 6114 TORRESDALE AVE
Calling all investors!!!! Come check out this well maintained, positive cash flow 5-unit commercial apartment building. The first floor apartment At full capacity, this property could earn you 4500+ per month and that's nearly a 10% cap rate. The commercial space is currently approved for a Daycare, Hair Salon and Nail Salon. The building has many features and upgrades, The whole building was totally renovated from shell in 2014, All work is completed with supporting documents, The basement has been renovated into separate rental income storage spaces. The owner will entertain sellers assist.
Tile hallways, Motion activated lights, Coin operated laundry facility, hardwood floors, chairlift, Roof is just two years old, basement was recently cemented, sewer line was replaced 3 years ago, partial tax abatement until 2024 and backyard. I have many more supporting documents upon requests such as zoning permits, easement agreements, certificate of operation, etc. The commercial space and one apartment unit was intentionally left vacant for new owner but both are turned over with fresh new paint and new flooring. The owner has a great relationships with her tenants and she's hoping the new owner can take on that tradition. If you have questions, don't hesitate to contact me. The owner will entertain sellers assist.
Courtesy of: Coldwell Banker Realty Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 25th October, 2021 3:38 AM