394 Denny St, Leipsic, DE 19901

$299,000
: 1,742
SqFt

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List Price: $299,000
Days on Market: 42
Status: ACTIVE
MLS#: DEKT2048316
Living Area: 1,742
Lot Size (Acres): 0.09
Style: Cape Cod
Year Built: 1940
County: Kent
School District: Capital

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Property Description

Turnkey Duplex Investment Opportunity in Leipsic, Delaware! Add this income-producing duplex to your investment portfolio. Situated in the charming waterfront community of Leipsic, this well-maintained property features two 2-bedroom, 1-bathroom units totaling approximately 1,742 square feet. Unit A offers approximately 800 square feet, a private driveway, and is currently leased for $1,225 per month through January 2027. Unit B also offers approximately 800 square feet and is leased for $1,225 per month through March 2027. The property benefits from separate utilities for each unit, helping minimize owner expenses. Additional features include well water, newer windows in both units, a 3-year-old propane furnace serving Unit A, and recently updated flooring, paint, and appliances. With established rental income, a strong tenant history, and several capital improvements, this duplex presents an excellent opportunity for seasoned investors, those looking to expand their rental portfolio or even owner-occupants. Conveniently located near Dover and the AFB, Route 1, local employers, and Delaware's coastal attractions. Don't miss your chance to own a solid income-producing property in a growing Delaware market.

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