3 Beds
2 Baths
1,177 SqFt
3 Beds
2 Baths
1,177 SqFt
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,177 sqft
Price per Sqft $615
Subdivision Brandywine Ct
MLS Listing ID DEKT2050998
Style Other
Bedrooms 3
Full Baths 2
Condo Fees $385/mo
HOA Y/N N
Abv Grd Liv Area 1,177
Year Built 1978
Available Date 2026-09-29
Annual Tax Amount $553
Tax Year 2025
Property Sub-Type Condo/Co-op
Source BRIGHT
Property Description
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!
Location
State DE
County Kent
Area Capital (30802)
Zoning R
Direction East
Rooms
Main Level Bedrooms 3
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 2.0
Utilities Available Cable TV Available
Amenities Available Pool - Outdoor
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Private Pool Yes
Building
Story 3
Above Ground Finished SqFt 1177
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 3
Additional Building Above Grade
New Construction N
Schools
School District Capital
Others
Pets Allowed Y
HOA Fee Include Common Area Maintenance,Heat,Lawn Maintenance,Management,Pool(s),Road Maintenance,Sewer,Trash
Senior Community No
Tax ID ED-05-07605-04-0100-131
Ownership Condominium
SqFt Source 1177
Special Listing Condition Standard
Pets Allowed Case by Case Basis
Nearby Locations
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