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Single Family Detached
Back on Market. Incredible opportunity to own an investment property with positive cash flow in the Brandywine Hundred area. There are 3 detached homes on this 1.1 acre lot. Live in one and rent the other two and the rents will more than cover your mortgage or rent all three and enjoy the cash flow. One house is a ranch, another is a two story colonial and the third is a bi-level with a very large rear yard area. Each home is on separate utilities i.e. electric, gas and water. Sewer is paid for by the owner. Presently zoned NC-10 Single Family with a minimum 10,000 square foot lot. Possibility of minor subdivision with variance from New Castle County - This would have to be verified by New Castle County and the sellers make no representations as to viability. If a variance is possible, the value of each individual house taken together would be worth more than its present configuration of 3 homes on one lot. This property is one of a kind. A great opportunity. As rent rates increase so does the CAP rate and so does the property value. Close to most everything and in the Brandywine School District.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Single Family Detached
located at 2603 Naamans Rd, Wilmington, DE
is currently for sale.
2603 Naamans Rd, Wilmington is listed
This property has 12 bedrooms, 5 full bathrooms, and 1 half bathrooms, and Lot Size of approximately 1.1.
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