Are you looking for an investment property that can generate income right away? Look no further than this Delaware investment property for sale! This property has been a rental for many years and is in excellent condition, making it an attractive investment opportunity.
The property features three reasonably sized bedrooms, a nice living room with a bay window, dining room, and kitchen. There is also a full basement with a bilco door and a full bath. Baseboard heat and one wall unit (new in 2018) cool the entire home, making it comfortable for tenants year-round.
Though the property is being sold AS-IS, it has been well-maintained and has had recent upgrades, including a new dishwasher in 2018, new washing machine in 2021, and new kitchen flooring in 2021. The property has also recently been connected to county sewer, which is a significant upgrade that will make renting the property easier and more attractive to tenants.
The property’s current tenants have been given notice to vacate by June 30, 2023, but would love to stay in the property. The current rent amount is $1,200 per month, making this a great income-producing property that can generate income right away. And with the current tenants in place, there will be no need to search for new tenants, saving you time and effort.
It’s worth noting that the condition of the property will not qualify for FHA, VA, or USDA financing without repairs, and the seller will not make any repairs. However, if you’re willing to make some upgrades and repairs, this property has the potential to be an even more attractive investment opportunity.
Overall, this Delaware investment property for sale is an excellent opportunity for anyone looking to generate income from rental property. With a great location, attractive features, and current tenants in place, this property is ready to start earning on your investment right away. Don’t miss out on this great opportunity!
416 E Cherry Dr, Magnolia, DE 19962