7221 Loretto Avenue
Philadelphia, PA 19111
MLS #7081376

Multi-Family
  • 2units
  • 4beds
  • 2baths
  • 0.06acres
  • 1,578sq ft
ACTIVE $245,000
Est. P&I payment: $935.73/mo
7221 Loretto Avenue, Philadelphia, PA 19111
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Description for 7221 Loretto Avenue, Philadelphia, PA 19111
GREAT INVESTOR OPPORTUNITY!!! Keep the current tenants, or live on one floor and let the rent pay your mortgage. This corner brick duplex is located in the heart of NE. Philadelphia, 2 blocks from Castor & Cottman. All new 200 amp electric with separate meters and new fire alarm all to Phila. code, (a $9000 upgrade). Some new drywall, freshly painted, updated baths, new concrete, new garage roof and 1 year warranty on the main house roof. Each unit is identical with 2 bedrooms and 1 bathroom, with nice size living rooms and eat-in kitchens. The basement has been refinished and can be used for additional storage, a laundry room, or, change the zoning, and rent out the basement for an additional $475/month income. Both units as well as the basement have separate electric. Newer heaters and Hot water heaters. Garage is currently rented out separately for an additional $135/mo., but with the new finishes can be rented for more. Nothing to do except to collect the rents which are under priced as there have been no increases in two years.
MLS #7081376
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My Notes for MLS #7081376

General Features

  • Property Type: Multi-Family
  • Building Floors: 2
  • Design: Duplex
  • Entrance: Foyer
  • Floor: Fully Carpeted,​Vinyl
  • Gross Square Feet: 1,578
  • Land Square Feet: 2,640
  • Total Units: 2
  • Unit 1 Lease End: MONTH TO MONTH
  • Unit 2 Lease End: MONTH TO MONTH
  • Property Age: 55
  • County: PHILADELPHIA
  • Subdivision: CASTOR GARDENS

Exterior Features

  • Water Front: N
  • Exterior: Brick
  • Exterior Features: Sidewalks,​StreetLights
  • Foundation: Concrete
  • Roof: PitchedRoof,​ShingleRoof
  • Has Garage Flag: Y
  • Garage Spaces: 1-CarGarage
  • Garage Type: Attached
  • Parking: 3-CarParking,​Street

Interior Features

  • Basement: Y
  • Basement Type: Full,​Fully Finished
  • Interior Features: CeilngFan(s),​CableTVAvail
  • Two Bedroom Unit Count: 2
  • Baths Full Unit 1: 1
  • Beds Unit 1: 2
  • Room Count Unit 1: 4
  • Baths Full Unit 2: 1
  • Beds Unit 2: 2
  • Room Count Unit 2: 4

Utilities Features

  • Central Air: N

Financial Features

  • Unit 1 Monthly Rent: 800
  • Unit 2 Monthly Rent: 775
  • Annual Other Expense: 500
  • Tax Year: 2017
  • Total Assessment: 157,400
  • Total Taxes: 2,203

School Features

  • High School: NORTHEAST
  • School District: Philadelphia

Miscellaneous Features

  • New Construction: N
  • Property Condition: Average+Prop
  • Storage: Basement
  • Type: Row/Town/Clu

Location

 
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The listing information for 7221 Loretto Avenue, Philadelphia, PA 19111 was graciously provided by our friends at the listing brokerage, BHHS Fox & Roach-Jenkintown

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P&I Payment $935.73
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Last Updated 12/16/2017 at 3:30pm
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