5102 Torresdale Ave, Philadelphia, PA 19124

Property Description

Built in 1945, this semi-detached row style multi-unit (2-unit) property features a solid brick construction, ensuring durability and low maintenance for years to come. Its interior was updated and modernized in the recent past. Great for investor or owner occupant who rents the second unit for additional income. The property spans 1,502 square feet, offering two apartments, 825 Sq ft and 700 Sq ft respectively and providing ample space for tenants while maximizing rental income potential. First floor has 9’2” ceiling height, living room, dining room, kitchen and bedroom with laminate flooring, ceiling, fan, and abundant light. The bathroom has set in tub as well as ceramic tile surround. The first floor unit has rear door to rear yard and inclusion of the basement. The Basement has 6’2” ceiling height, is full and unfinished with cement floor and parged rubble stone walls. Utilities include 2 electrical meters, 1 public water meter, 2 gas meters, 2 Bradford White hot water heaters (2020 & 2023), 2 Weil-McLain gas-fired hot water boilers, and laundry hookup and utility sink present. The Second Floor Unit has private entry from Torresdale Avenue (first level access with private hallway), 8’6" Ceiling Height, Living Room, Kitchen, 1 Bedroom, 1 Bathroom. Located in a vibrant neighborhood, this property is poised for growth, making it an ideal addition to any investment portfolio. The potential for appreciation in value, combined with the steady demand for rental units, positions this property as a smart choice for savvy investors looking to capitalize on the real estate market. Overall rental rate range per unit is between $750 and $1,250. In current condition rents are estimated to be between $800 and $900. If unit is refreshed with paint and carpeting, estimate rents ae between $900 and $1,200. Seize this opportunity to invest in a property that combines comfort, convenience, and financial growth.