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201-1/2 Philadelphia Pike , #104

WILMINGTON, DE 19809
  • $105,000
  • STATUS: Active
  • ON SITE: 22 Days
  • ID#: DENC2048288
UPDATED: 66 min ago
$105,000
  • 2
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Condo
Built:
1966
County:

School Ratings & Info

School District:

Description

+++-- Attention Investors: Prime Turnkey Investment Opportunity! +++--Are you on the lookout for a seamless addition to your investment portfolio or your self-directed IRA? If so, your search ends here. Allow us to introduce an exceptional opportunity+GGa fully rented, 2-bedroom, 1-bath condominium with boundless potential for lucrative returns. This property isn't just a mere investment; it's a strategic step toward expanding your financial horizons.With a stable tenant who has a stellar track record already in place, you'll enjoy immediate income predictability. Plus, there's ample room to further enhance your returns by optimizing rental rates. The current tenant's rent is just $950, while other 2-bedroom units in this complex are easily getting $1300-$1400+! And situated in a prime location, this condominium ensures a steady influx of potential tenants, making it a highly attractive asset for your real estate portfolio.This property's advantages extend beyond the present. By capitalizing on the existing stable tenant situation and addressing minor cosmetic upgrades, you can unlock hidden potential and significantly boost your cash flow. The opportunity to maximize returns is within reach.Don't miss out on this exceptional turnkey investment. Whether you're an experienced investor or venturing into real estate for the first time, this opportunity sets the stage for significant financial success. Seize the moment to secure your tomorrow.Disclaimer: All provided information is reliable but should be independently verified for accuracy.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-09-23T16:52:16.76.
www.allisonstineteam.com/homes/142990631
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201-1/2 Philadelphia Pike , #104 WILMINGTON, DE 19809

  • Price: $105,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 66 min ago
  • ID#: DENC2048288
2
Beds
1
Baths
0
½ Baths
N/A
Acres
1966
Built
Neighborhood:
Heritage Place Con
County:
New Castle
Area:
Brandywine (30901)
School District:
Brandywine
Property Description
+++-- Attention Investors: Prime Turnkey Investment Opportunity! +++--Are you on the lookout for a seamless addition to your investment portfolio or your self-directed IRA? If so, your search ends here. Allow us to introduce an exceptional opportunity+GGa fully rented, 2-bedroom, 1-bath condominium with boundless potential for lucrative returns. This property isn't just a mere investment; it's a strategic step toward expanding your financial horizons.With a stable tenant who has a stellar track record already in place, you'll enjoy immediate income predictability. Plus, there's ample room to further enhance your returns by optimizing rental rates. The current tenant's rent is just $950, while other 2-bedroom units in this complex are easily getting $1300-$1400+! And situated in a prime location, this condominium ensures a steady influx of potential tenants, making it a highly attractive asset for your real estate portfolio.This property's advantages extend beyond the present. By capitalizing on the existing stable tenant situation and addressing minor cosmetic upgrades, you can unlock hidden potential and significantly boost your cash flow. The opportunity to maximize returns is within reach.Don't miss out on this exceptional turnkey investment. Whether you're an experienced investor or venturing into real estate for the first time, this opportunity sets the stage for significant financial success. Seize the moment to secure your tomorrow.Disclaimer: All provided information is reliable but should be independently verified for accuracy.
Exterior Features

Architectural Style Traditional Construction Materials FrameBrick VeneerMasonryStucco Direction Faces East Garage YN No Parking Types Parking Lot Pool No Pool Riparian Rights YN No Unit Building Type Garden 1 - 4 Floors Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 0 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Wall Unit Heating Baseboard - Hot Water Heating YN Yes Inclusions As-Is Levels 3 Main Level Bedrooms 2 Unit Floors 1

Property Features

Acceptable Financing Cash Accessibility Features Other Assessment Year 2022 Association Amenities Laundry FacilitiesMeeting RoomPicnic AreaReserved/Assigned Parking Association Fee Includes Common Area MaintenanceExt Bldg MaintInsuranceLawn MaintenanceReserve FundsSnow RemovalTrashWaterPest Control Association Fee2 309.74 Association Fee2 Frequency Monthly Association YN No Central Air YN No Common Walls 2+ Common WallsNo One Below Condo YN Yes Cooling Fuel Electric Cross Street Shipley Road Elevators 0 Entry Level 1 Federal Flood Zone YN No Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN No Navigable Water YN N New Construction YN No Number Of Units Total 33 Original MLSNumber 802571570676 Ownership Interest Condominium Pets Allowed YN No Possession SettlementImmediate Sale Type Standard Senior Community YN No Sewer Grinder PumpPublic Sewer Structure Design Type Unit/Flat/Apartment Tax Annual Amount 1486.00 Tax Assessment Amount 42000.00 Tax Lot 061.C.0104 Total Actual Rent 11400.00 Vacation Rental YN No Water Source Public Year Built Effective 1988 Zoning Ncap

Listing courtesy of Dupont Street Realty Advisors: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-09-23T16:52:16.76.
 
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The Allison Stine Team with Northrop Realty a Long and Foster Company
209 5th Street
Bethany Beach DE, 19930