103 Par Haven Dr, Dover, DE 19904
- $725,000
- 3
- BD
- 2
- BA
- 1,177
- SqFt
- List Price
- $725,000
- Status
- COMING SOON
- MLS#
- DEKT2050998
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,177
- Style
- Other
- Year Built
- 1978
- County
- Kent
- School District
- Capital
Property Description
ATTENTION ALL INVESTORS!! Rare opportunity to acquire a six-unit residential investment portfolio in Dover, Delaware, offered exclusively as one package. All six condominium units are currently rented and occupied by long-standing tenants, providing an established rental income stream from day one. The portfolio currently generates $7,850 in gross monthly rental income, or $94,200 annually. Monthly condominium fees total $385, and property taxes are approximately $1,400 per unit annually, or $8,400 for the six-unit portfolio. At the asking price of $725,000, the current gross rental income represents approximately a 13.0% gross rent-to-price ratio. After the stated condominium fees and property taxes, the annual income is approximately $81,180 before other operating expenses, vacancy, insurance, maintenance, management, and financing costs. If you are looking to add to your investment portfolio, this is a great deal to review today!
Additional Information
- Area
- Capital (30802)
- Subdivision
- Brandywine Ct
- School District
- Capital
- Heating
- Forced Air
- Cooling
- Central Air
- Utilities
- Cable Available
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Iron Valley Real Estate Premier. Contact: