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660 Loraine Street

ARDMORE, PA 19003
  • $899,900
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: PADE2068094
Price Reduced
UPDATED: 74 min ago
$899,900
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,093
    SQFT
  • $291
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:

School Ratings & Info

School District:

Description

Here is your chance to own a true gem of an updated investment property on the Main Line! 660 Loraine in Ardmore is the ultimate investment property featuring four residential units and an oversized detached 3 car garage. With this property you can obtain residential financing while picking up 5 new streams of income! Investors AND Owner Occupants (yes, there is a vacant unit just for you) this property is the perfect addition to your portfolio. The property features: 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 have been extensively updated over the last two years including the first floor studio and second floor 3 bedroom being completely renovated including new flooring, kitchens, paint and bathrooms. The other two units have new bathrooms and paint throughout. All of the units have access to outdoor living spaces with the spacious front porch and backyard. The 2nd floor even features a deck which makes for the perfect gathering spot. 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 storage space. The oversized 3 car garage is currently fully rented at $945 a month. 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 $6,845 per month with ample upside. Income and expenses are available in the MLS documents section. Schedule your appointment today!

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-23T21:53:22.153.
www.soldbybroc.com/homes/151005563
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660 Loraine Street ARDMORE, PA 19003

  • Price: $899,900
  • Status: Active
  • On Site: 25 Days
  • Updated: 74 min ago
  • ID#: PADE2068094
0
Beds
0
Baths
0
½ Baths
0.26
Acres
3,093
SQFT
$291
$/SQFT
1925
Built
Neighborhood:
Haverford Twp (10422)
County:
Delaware
Area:
Haverford Twp (10422)
School District:
Haverford Township
Property Description
Here is your chance to own a true gem of an updated investment property on the Main Line! 660 Loraine in Ardmore is the ultimate investment property featuring four residential units and an oversized detached 3 car garage. With this property you can obtain residential financing while picking up 5 new streams of income! Investors AND Owner Occupants (yes, there is a vacant unit just for you) this property is the perfect addition to your portfolio. The property features: 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 have been extensively updated over the last two years including the first floor studio and second floor 3 bedroom being completely renovated including new flooring, kitchens, paint and bathrooms. The other two units have new bathrooms and paint throughout. All of the units have access to outdoor living spaces with the spacious front porch and backyard. The 2nd floor even features a deck which makes for the perfect gathering spot. 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 storage space. The oversized 3 car garage is currently fully rented at $945 a month. 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 $6,845 per month with ample upside. Income and expenses are available in the MLS documents section. Schedule your appointment today!
Exterior Features

Architectural Style Victorian Construction Materials FrameMasonryAluminum Siding Garage Spaces 3.00 Garage Type Garage - Front EntryOversized Garage YN Yes Location Type Suburban Lot Features LandscapingRear YardFront Yard Parking Features PrivateLighted Parking Parking Types On StreetDetached GarageDrivewayOff Street Pool No Pool Roof Architectural ShingleShingle Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3093 Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Exclusions Tenant's Personal Belongings Fireplace YN No Heating Baseboard - Electric Heating YN Yes Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 0

Property Features

Acceptable Financing CashConventional Accessibility Features None Central Air YN No Cooling Fuel Electric Cross Street Belmont Existing Lease Type Yearly Foundation Details Stone Heating Fuel Electric Hot Water Electric Maintenance Expense 19070.00 Municipality HAVERFORD TWP Navigable Water YN N New Construction YN No Number Of Units Leased 3 Number Of Units Total 4 Number Of Units Vacant 1 Original MLSNumber 803091546616 Ownership Interest Fee Simple Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 11441.00 Tax Lot 550-000 Total Actual Rent 82140.00 Vacation Rental YN No Water Source Public Zoning R-40 FOUR FAMILY

Listing courtesy of Keller Williams Real Estate - Media: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Broc Schmelyun Team | RE/MAX. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-23T21:53:22.153.
 
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