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$725,000
3 Beds ⋅ 2 Baths
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 $400, Community pool fee is $5 per use 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!

103 Par Haven Dr, Dover

Listing courtesy of Iron Valley Real Estate Premier. Contact:

$215,000
3 Beds ⋅ 3 Baths
Nestled in the charming English Village, this inviting 3 bedroom, 2.5 bathroom unit offers a perfect blend of comfort and functionality. The traditional floor plan features a spacious combination dining and living area, ideal for gatherings and cozy evenings. The galley kitchen is equipped with essential appliances, including a refrigerator, stove, dishwasher, and convenient in-unit laundry facilities, making daily tasks a breeze. Enjoy the warmth of natural light throughout the home, complemented by plush carpeting and durable vinyl flooring. The family room off the kitchen provides a welcoming space for relaxation and connection. With ample storage and well-designed spaces, this residence caters to your lifestyle needs. Step outside to enjoy community amenities, including well-maintained tennis courts, while the association takes care of lawn maintenance and snow removal. Experience the ease of living in this delightful garden-style apartment, where comfort meets convenience.

6 Chase Hall, Dover

Listing courtesy of Coldwell Banker Premier - Rehoboth. Contact: