$830,000
$900,000
7.8%For more information regarding the value of a property, please contact us for a free consultation.
3,093 SqFt
SOLD DATE : 10/24/2022
Key Details
Sold Price $830,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,093 sqft
Price per Sqft $268
MLS Listing ID PADE2028404
Sold Date 10/24/22
Style Victorian
Abv Grd Liv Area 3,093
Originating Board BRIGHT
Year Built 1925
Annual Tax Amount $10,856
Tax Year 2021
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 75.00 x 150.00
Property Description
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 garage! Where else can you get residential financing and pick up 4 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. 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!
Location
State PA
County Delaware
Area Haverford Twp (10422)
Zoning R-40 FOUR FAMILY
Rooms
Basement Interior Access, Outside Entrance, Unfinished
Interior
Hot Water Electric
Heating Hot Water
Cooling Window Unit(s)
Heat Source Oil
Exterior
Exterior Feature Porch(es)
Parking Features Garage - Front Entry, Oversized
Garage Spaces 9.0
Water Access N
Roof Type Architectural Shingle,Shingle
Accessibility None
Porch Porch(es)
Total Parking Spaces 9
Garage Y
Building
Lot Description Landscaping, Rear Yard
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Haverford
School District Haverford Township
Others
Tax ID 22-06-01423-00
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Bought with Stephen Paul Stout • Keller Williams Real Estate - Media
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