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7221 LORETTO AVE, Philadelphia, Pennsylvania

$245,000Contract Pending

Property Details

7221 LORETTO AVE, Philadelphia, Pennsylvania 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.


  • Zip19111
  • CountyPhiladelphia
  • StatusActive
  • Purchase TypeContract Pending
  • Property typeSingle Family
  • High schoolNORTHEAST
  • Year built1962
  • Lot size0.06
  • SewerPublic Sewer
  • HeatingGas
  • CoolingWall Unit
  • ParkingGarage
  • Tax amount$2,203.00
  • Tax year2017
  • MLS® ID1004118209

Listing Courtesy of BHHS Fox & Roach-Jenkintown

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“There is no one better than Will! He and his team don't just go above and beyond they take care of everything, answer every question, and make the home selling process seamless. Will helped me in every step of the process from guiding me in preparing my house for sale, setting a competitive price based on the local market, he marketed the property tirelessly, including holding open houses and an amazing listing post, and best of all worked to assure I got the best price for my home. The closing process went well and utilized great technology, which was very helpful as I live several hundred miles away.”

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