1,056 SqFt
1,056 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,056 sqft
Price per Sqft $208
Subdivision None Available
MLS Listing ID DEKT2034130
Style Ranch/Rambler
Abv Grd Liv Area 1,056
Originating Board BRIGHT
Year Built 1999
Annual Tax Amount $772
Tax Year 2024
Lot Size 0.570 Acres
Acres 0.57
Lot Dimensions 131.99 x 374.06
Property Description
Unlock the potential of this outstanding investment property with tenants in place. This offering includes two income-producing rental units on a spacious lot, perfectly positioned in a sought-after area of Felton.
Property Highlights:
Dual Units: Two separate rental units offering diversified income streams.
Steady Rental Income: Both units are currently tenant-occupied, providing immediate cash flow. Unit 1 is rented at $800/month, and unit 2 rented at $1,500/month.
Prime Location: Nestled in a desirable part of Felton, minutes from local amenities, major highways, and schools.
Generous Lot Size: Plenty of outdoor space with potential for additional improvements or amenities to further boost rental value.
Low-Maintenance Living: Updated systems and minimal upkeep make this a hassle-free investment.
Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a turnkey opportunity, this property offers endless possibilities. With a strong rental history and increasing demand for rental properties in the area, this is your chance to secure a profitable asset in a growing market.
Location
State DE
County Kent
Area Lake Forest (30804)
Zoning AR
Interior
Interior Features Breakfast Area
Hot Water Electric
Heating Other
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Slab
Sewer On Site Septic
Water Well
Architectural Style Ranch/Rambler
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Lake Forest
School District Lake Forest
Others
Tax ID SM-00-14500-01-3700-000
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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