$ 245,000

7221 LORETTO AVE, Philadelphia, PA 19111  
  • 0 beds

7221 LORETTO AVE, 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.

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Listing Type
Single Family
Listing ID
Lot Size
2,614.00 sqft
Listing Status
Year Built
Castor Gardens
County School District
Elem: Philadelphia City, Middle: Philade
School District 3
Listing courtesy of BHHS Fox & Roach-Jenkintown
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