Are you looking for an excellent investment opportunity in Delaware? Look no further than this investment property for sale that has been a reliable rental for many years. With three sizable bedrooms, a comfortable living room with a bay window, a dining room, and a kitchen, this property has everything a tenant needs to feel at home.
While the property is sold as-is and may not qualify for FHA, VA, or USDA financing without repairs, it still represents a fantastic opportunity for savvy investors. The full basement with a bilco door provides ample storage space, and the baseboard heat and wall unit (new in 2018) keep the entire home comfortable.
The property has received several updates in recent years, including a new dishwasher in 2018, new washing machine in 2021, and new kitchen flooring in 2021. The property has also been connected to the county sewer, providing additional value for potential investors.
The current tenants have been given notice to vacate by June 30, 2023, but they would love to stay if possible. The current rent amount is $1200 per month, providing an excellent source of income for investors right from the start.
Investing in rental property can be an excellent way to diversify your portfolio and generate passive income. With this investment property in Delaware, you can start earning on your investment right away. Don’t miss out on this opportunity to own a reliable rental property in a desirable location. Contact the seller today to learn more.
416 E Cherry Dr, Magnolia, DE 19962
