660 Loraine Street
660 Loraine Street
$830,000
6
4
3,093
3,093
$268
Closed 10/24/22
Virtual Tour
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...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!
Property Details for 660 Loraine Street
Tax ID Number
22-06-01423-00
OwnershipFee Simple
Structure TypeDetached
StyleVictorian
WaterfrontNo
GarageYes
Expected On Market Date06-22-2022
Cross StreetBelmont
Location
LISTING UPDATED: 10/24/2022 11:11 AM
Property Details for 660 Loraine Street
Status | Closed |
---|---|
MLS # | PADE2028404 |
Days on Market | 47 |
Taxes | $10,856 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1925 |
Lot Size | 0.26 AC / 11,326 SF |
County | Delaware County |
Location
Virtual Tour
Building Information for 660 Loraine Street
Stories-Residences4Year Built1925Building Size-Lot Size0.26 AC / 11,326 SF
Payment Calculator
$5,434 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 660 Loraine Street
Property History for 660 Loraine Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 660 Loraine Street
Taxable ValueLand$121,340Additions$323,630Total$444,970
Tax Record2023$11,116 ($926 / month)
Home Facts
Baths4Total Finished SqFt3,093 SqFtAbove Grade Finished SqFt3,093 SqFtStories3Lot Size11,478 SqFtStyleQuadraplexYear Built1925CountyDELAWAREAPN22-06-01423-00
Schools near 660 Loraine Street
This home is within Haverford Township School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 8 |
Rating | School | Distance |
---|---|---|
Chestnutwold El School PublicK to 5 | ||
Haverford Middle School Public6 to 8 | ||
Haverford Senior High School Public9 to 12 | ||
Cardinal John Foley Regional Catholic School PrivatePK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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