660 Loraine Street, Ardmore, PA 19003-2043 $899,900
Interior Sq. Ft: 3,093
Acreage: 0.26
Age:99 years
Taxes: $11,441
Design/Type:
Detached
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!
Home Assoc: No
Condo Assoc: No
Buyer Agency Comp*: 2.5 % Of Gross
Basement: Y
Pool: No Pool
Features
Utilities
Baseboard - Electric Heating, Electric, Window Unit(s) Cooling, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
Detached Garage, Driveway, Off Street, On Street, Garage - Front Entry, Oversized, Lighted Parking, Private Parking, Detached Garage Spaces #: 3;
Interior
Full Basement
Exterior
Stone Foundation, Architectural Shingle Roof, Shingle Roof, Aluminum Siding, Frame Exterior, Masonry
Lot
Front Yard, Landscaping, Rear Yard, Suburban
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (57 schools)
Public Middle (9 schools)
School | District | Grades | Place | Distance |
---|---|---|---|---|
Haverford Middle School | Haverford Township School District | 6–8 | Havertown | 1.04 mi |
Drexel Hill Middle School | Upper Darby School District | 6–8 | Drexel Hill | 2.81 mi |
Bala-Cynwyd Middle School | Lower Merion School District | 5–8 | Bala Cynwyd | 3.17 mi |
Welsh Valley Middle School | Lower Merion School District | 5–8 | Narberth | 3.18 mi |
Beverly Hills Middle School | Upper Darby School District | 6–8 | Upper Darby | 3.29 mi |
Black Rock Middle School | Lower Merion School District | 5–8 | Villanova | 4.1 mi |
Paxon Hollow Middle School | Marple Newtown School District | 6–8 | Broomall | 4.43 mi |
Penn Wood 9th Grade Academy | William Penn School District | 9 | Yeadon | 4.92 mi |
Middle Years Alternative | Philadelphia City School District | 6–8 | Philadelphia | 4.98 mi |
Public High (18 schools)
Private (100 schools)
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This report is a detailed community overview for Ardmore (19003), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 30
- Average salary of people in this community: $78,579
Community Summary
- Population Density (ppl / mile): 6,914
- Household Size (ppl): 2.31
- Households w/ Children: 50%
Housing Inventory
- Owned: 3,472 (58.6%)
- Rented: 2,151 (36.3%)
- Vacant: 300 (5.1%)
- Total: 5,923
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.8%
- Some High School: 1.7%
- High School Graduate: 11.2%
- Some College: 12.9%
- Associate Degree: 4.5%
- Bachelor's Degree: 31.1%
- Graduate Degree: 36.8%
Income by dollar range
Median Income: $99,923
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $893
- One Bedroom: $1,081
- Two Bedroom: $1,463
- Three Bedroom: $1,920
- Four Bedroom: $3,214
© 2024 LiveBy. All Rights Reserved.
Contact Information
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or call me now at 302-234-6089
Listing Courtesy of: Keller Williams Real Estate - Media , (610) 565-1995, klrw709@kw.com
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Listing data as of 6/26/2024.