217-219 W REED ST Active Save Request In-Person Tour Request Virtual Tour
Dover,DE 19904
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,560 sqft
Price per Sqft $166
MLS Listing ID DEKT2036316
Style Other
Abv Grd Liv Area 2,560
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $1,299
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 0.06 Acres
Property Sub-Type Quadruplex
Property 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!"
Location
State DE
County Kent
Area Capital (30802)
Zoning R
Rooms
Basement Other
Interior
Hot Water Propane
Heating Radiator
Cooling Window Unit(s)
Flooring Carpet,Vinyl
Fireplace N
Window Features Insulated
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Shingle
Accessibility None
Road Frontage Public
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Capital
Others
Tax ID ED-05-07705-03-300-0
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash,Conventional,FHA,VA
Listing Terms Cash,Conventional,FHA,VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard