660 LORAINE STREET

ARDMORE, PA, 19003

$925,000

$299 per ft²
$925,000
$299 per ft²
Active
Active
 - For Sale
carpenters-square
3,093 ft²
property_type
Multi-family
calendar
Built 1925
Here is your chance to own a true gem of an investment property in Ardmore! 660 Loraine is the ultimate investment property featuring four residential apartment units and a detached oversized 3 car income-producing garage! Where else can you get residential financing and pick up 7 new streams of income out of one property purchase? Investors AND Owner Occupants, you will want to consider this property as the first or next addition to your portfolio. Believe it or not, the property is eligible for FHA 3.5% down payment owner occupant financing (buyers should confirm their eligibility with their lender)! The property features the following units: 1st floor front unit - 1 bedroom 1 bath . 1st floor rear - Studio/Efficiency 1bath unit. 2nd floor - 3 bedroom 1 bath unit. 3rd floor - 1 bedroom 1 bath unit (can be used as a 2br if living room is utilized as a bedroom). The units are well maintained include features such as newer luxury vinyl plank flooring, bathroom updates, fresh paint and other upgrades. All of the units have access to nice outdoor living spaces as well such as the 2nd floor deck off of unit 2, the partial wraparound front porch and the rear yard. The driveway features plenty of parking and each unit has a spot available, and Loraine street has plenty of on-street parking for guests and overflow. In the basement you have the common laundry area, individual gas water heaters for each unit and owners storage space. There is ample space in the basement to add tenant storage cages for additional income. There is also additional space for garage expansion on the rear side of the lot. The roof was replaced in full in 2020 and two water heaters were replaced in 2022. Get your mailbox money from day one! Gross scheduled rents on the building are $6365 per month currently with ample upside. Income and expenses are available in the MLS documents section. Be sure to tour the property virtual using the Matterport virtual tour link in the MLS Virtual Tours section. Schedule your appointment today!
MLS® ID:
PADE2028404
Updated:
7/6/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Window Unit(s)
Heating
Hot Water

Exterior/Building Features

Lot Size
0.26 acres lot
Exterior Features
Porch(es)
Architectural Style
Victorian
Lot Details
Landscaping, Rear Yard
Roof
Architectural Shingle, Shingle
Sewer
Public Sewer

School Information

School District
HAVERFORD TOWNSHIP
High School
HAVERFORD

Other Property Details

Area Name
Haverford Twp (10422)
Taxes
$10856.00
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
3
Parking
Asphalt Driveway, Paved Driveway
View
N
County
DELAWARE
Water Source
Public
Pool
No
Zoning
R-40 FOUR FAMILY

Courtesy of Keller Williams Real Estate - Media

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s), the owner of this website, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2022 BRIGHT MLS. All rights reserved.

Data last updated 12:17 AM UTC, 7/6/22

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