Ardmore, PA 19003,660 LORAINE ST
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Ardmore, PA 19003,660 LORAINE ST
Ardmore, PA 19003,660 LORAINE ST
Ardmore, PA 19003,660 LORAINE ST
Ardmore, PA 19003,660 LORAINE ST

$830,000

Est. payment /mo

$900,000

7.8%
Est.Price: ?

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660 LORAINE ST Ardmore, PA 19003

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)

Garage Garage - Front Entry, Oversized

Garage Spaces 9.0

Waterfront N

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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Bright MLS (BMLS)
Listed by John Knisely • Keller Williams Real Estate - Media
Bought with Stephen Paul Stout • Keller Williams Real Estate - Media
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