217-219 W Reed Street, Dover, DE 19904 $425,000

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# of Units: 4
Interior Sq. Ft: 2,560
Acreage: 0.06
Age:125 years
Taxes: $1,299
MLS#: DEKT2036316
Design/Type:
Other

Description

Introducing 217-219 W Reed St, a meticulously maintained turnkey property featuring four fully occupied 1-bedroom apartments . This investment opportunity offers immediate positive cash flow, with all four units rented and generating income from day one. The property's financials are straightforward: tenants are responsible for all utilities except water, which is covered by the owner.The rental income breakdown is as follows:- 219A: $1,302/month (includes all utilties), 219B: $925/month, 217A: $962/month, 217B: $893/month. Whether you're a seasoned investor or just starting out, this property presents a compelling opportunity for steady returns. With its hassle-free setup and existing tenants, 217-219 W Reed St is an attractive addition to any investment portfolio. Don't miss out on this chance to secure a profitable investment – inquire today!"

Taxes: $1,299
Home Assoc: No
Condo Assoc: No
Garage: N
Basement: Y
Pool: No Pool
School Dist: Capital

Features

Utilities
Radiator Heating, Natural Gas, Window Unit(s) Cooling, Electric, Hot Water - Propane, Public Water, Public Sewer, 200+ Amp Service

Garage/Parking
None

Interior
Carpet Flooring, Vinyl Flooring, Insulated Windows, Insulated Doors

Exterior
Shingle Roof, Frame Exterior, Vinyl Siding

Contact Information

Schedule an Appointment to See this Home
Request more information
or call me now at 302-234-3618

Listing Courtesy of: Century 21 Gold Key Realty , (302) 369-5397, newarkoffice@c21gk.com

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Listing data as of 4/14/2025.