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 location to I-95, downtown Wilmington and Philadelphia, great job opportunities with many well-known growing companies.

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 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 8+ yrs on average! EASY to rent, 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 school district etc There are MANY REASONS why most Londonderry Tenants continue to rent LONG TERM - INVESTORS DREAM !!! 6 spacious townhouses in popular North Wilmington, DE INVESTOR’S 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 ! WALKING DISTANCE to everything this popular area has to offer ! Tenants LOVE IT 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 a bundled package Excellent rental potential and strong historical occupancy rates, ZERO VACANCIES for the past decade! Convenient ACCESS to major highways, employment, shopping centers, restaurants and amenities, TOP RATED SCHOOLS Each townhouse offers comfortable living spaces and ample parking Sold as a packaged deal for added convenience and value 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 NOTE: Tenant pays for Electric, Heat, Trash, Sewer and maintains the lawn. These properties DO NOT belong to an HOA or condo association thus ease of management and flexibility to earn more income Take advantage of the strong demand for rental properties in popular North Wilmington Delaware, coupled with the convenience of managing multiple units in one location. Don't miss out on this unique chance to optimize your investment strategy and secure your financial future. Simplify your portfolio management and elevate your investment success with this exceptional opportunity. Whether you're an experienced investor or seeking to expand your portfolio, this bundled sale presents a rare opportunity to acquire multiple properties in one of Wilmington's most desirable neighborhoods. Sale Conditions Bulk/Portfolio Sale 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 • Sold as a packaged deal for added convenience and value 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

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Edward CulverCulver TeamMore Info
239-703-5050

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Edward CulverCulver TeamMore Info
239-703-5050

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