Introducing 217-219 W Reed St, a meticulously maintained turnkey property featuring four fully occupied 1-bedroom apartments . This investment opportunity offers immediate positive cash flow, with all four units rented and generating income from day one. The property's financials are straightforward: tenants are responsible for all utilities except water, which is covered by the owner.The rental income breakdown is as follows:- 219A: $1,302/month (includes all utilties), 219B: $925/month, 217A: $962/month, 217B: $893/month. Whether you're a seasoned investor or just starting out, this property presents a compelling opportunity for steady returns. With its hassle-free setup and existing tenants, 217-219 W Reed St is an attractive addition to any investment portfolio. Don't miss out on this chance to secure a profitable investment - inquire today!"
MLS# | DEKT2036316 |
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Listing Type | For Sale |
Building Name | NONE AVAILABLE |
Sub-Type | Resale |
Status | Active-bright |
Year | 1900 |
Days On Site | 21 |
Listing Provided By | Century 21 Gold Key Realty | Manthan Shah |
SQ Feet | 2,560 |
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Basement | Y |
Story(s) | 2 |
Units | 4 |
Zoning | R |
Acreage | 0.06 |
Water Front | Yes |
State | DE |
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County | KENT DE |
City | DOVER |
Zip Code | 19904 |
Area | Capital (30802) |
School District | CAPITAL |
Listing VS Median (in 19904) | |
Price: $425,000 low | high Med: $358,990 SqFt: 2,560 low | high Med: 1,858 $ / SqFt: $166 low | high Med: $198 On site: 21 low | high Med: 29.000000 |