Portfolio of Income Properties for Sale Specialty FOR SALE


Wilmington, DE
$2,213,000 USD
239-703-5050
, Wilmington, DE for Sale
$2,213,000 USD
Specialty - FOR SALE
1/6
null | 6.28% Cap Rate

Portfolio of Income Properties for Sale
Wilmington, DE


HIGHLIGHTS

  • HUGE demand due to FANTASTIC LOCATION! Budget friendly with MILLION DOLLAR homes across the street - ALWAYS RENTED - EASY to manage - STABLE INCOME !
  • Close to 30yrs under same ownership, long term stable tenants, 3 bedrooms 2+ bathrooms with finished basements, ACROSS the street from BRANDYWINE MALL

OVERVIEW

INVESTMENT HIGHLIGHTS- Prime Investment Opportunity: 6 Bundled Townhouses in popular North Wilmington, Delaware. Six CASH COW rental portfolio in an EXCELLENT location in North Wilmington near the Pennsylvania border. Private owner, 20+ years. This constantly producing portfolio is INVESTORS DREAM - this super located and easy to rent portfolio is NOT a part of an HOA or a condo association ! RARE !! SO MANY POSSIBILITIES FOR MORE INCOME! This is an AS / IS sale. This offering is for qualified investors looking to purchase the well preforming residential portfolio which has been recession & Covid proof. This easy to manage income portfolio is located within the same development. Tenants enjoy TAX FREE shopping in Delaware. Close to I95 & Amtrak for quick access to Philadelphia, NYC, Baltimore, Washington DC. TENANTS LOVE living in Londonderry, mostly long term leases 4 to 8 to 12 to 16yrs in length, once tenants move in they rarely want to move out therefore turnover rate is super low and SIMPLE to rum. EASY to rent units, WALKING distance to Brandywine Mall anchored with Target & Lowes, Regal Cinema and other big box stores, restaurants and entertainment. Also WALKING distance to Concord High School and Concord Mall. Delaware offers sales tax-free shopping, fantastic employment opportunities because it is a corporate friendly state and also has low state income tax rates. This well performing portfolio is located just minutes from work and play, within the TOP SCHOOLS. There are MANY REASONS why most Londonderry Tenants continue to rent LONG TERM. Located in the sought-after Londonderry development in an upscale area with MILLION DOLLAR houses across the street. Tenants pay for Electric, Heat, Trash, Sewer and maintain lawn. Ideal for investors seeking an EASY TO MANAGE bundled package. Excellent rental potential and strong historical occupancy rates, literally ZERO VACANCIES for the past 2+ decades, normally just 2-3 days vacant while it being painted and cleaned in between tenants as the new tenant has already waiting to move in - this type of occupancy history is hard to find anywhere, the portfolio is being sold because the owners are moving the investment to be closer to their daughter A FANTASTIC SOLID OPPORTUNITY SOLD at hard to find 7CAP rate !!! 3205 Crystal Court, Wilmington DE 19810 3204 Crystal Court, Wilmington DE 19810 3107 Ruby Drive, Wilmington DE 19810 3210 Sapphire CT, Wilmington DE 19810 3100 Emerald Place, Wilmington DE 19810 3210 Emerald Place, Wilmington DE 19810 TAXES & OPERATING EXPENSES - 2023 ANNUAL Gross Rental Income $151,632 Vacancy Loss $0 Effective Gross Income $151,632 Taxes -$13,569 Insurance -$3,468 Operating Expenses -$1,200 NET Operating Income $135,568 Cap Rate 6.1% + Total Building Size 13,050 SF Sale Type Investment / 1031 Exchange Townhouse 3205 Crystal Court Wilmington DE 19810 New Roof 2018 / New AC Long term tenant / month-to-month rental Monthly Rent $2,450 Townhouse 2175SF Lot Dept 96’ Lot Frontage 20’ 1979 3204 Crystal Court Wilmington DE 19810 New garbage disposal 2024 Long term tenant 8+ years Monthly Rent $1,895 Annual Rental Townhouse 2175 SF Lot Dept 110’ Lot Frontage 20’ 1979 3107 Ruby Dr Wilmington DE 19810 New Roof 2020 Long term Tenant 10+ Years Monthly Rent $1,893 Annual Rental Townhouse 2175SF Lot Dept 110 Lot Frontage 20’ 1977 3100 Emerald Place Wilmington DE 19810 End unit-large lot- Month to Month rental, Long term tenant Monthly Rental $2,350 per month Townhouse 3210 Emerald Place Wilmington DE 19810 Private back yard Long term tenant Monthly Rental $ 2,150 per month Townhouse 3210 Sapphire Court Wilmington DE 19810 Finished basement Private backyard Long term tenant Monthly Rental $1,898 per month

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Edward CulverCulver TeamMore Info
239-703-5050

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Edward CulverCulver TeamMore Info
239-703-5050

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.