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201-1/2 Philadelphia Pike , #107

WILMINGTON, DE 19809
  • $100,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: DENC2025688
UPDATED: 29 min ago
$100,000
  • 2
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 800
    SQFT
  • $125
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1968
County:

School Ratings & Info

School District:

Description

Turn-Key and already net cash-flowing nearly $1,000/month - nice addition to any portfolio **INVESTORS ONLY** $1,400/month in-place Rent! Condo Fee $308/mo. Well-managed Condo Association takes care of all exterior maintenance with a fully funded Reserves account and Tenant is responsible for all interior maintenance; As the investor, you do nothing but just collect your rent which is on Auto Direct Deposit at the 1st of each month! Stable corporate tenant in place since April 2016 and no signs of going anywhere anytime soon! Auto-Extending Lease from Year-to-Year with automatic 3% increases. Tenant paid Full Security Deposit. Tenant pays for utilities directly. Unit features 42+G- tall kitchen wall cabinets, stainless steel +G+Frigidaire+G- appliances, butcher-block counters, in-unit full size stacked washer and dryer (this is the only unit in the complex with a washer/dryer and is grandfathered-in). Upgraded electrical wiring throughout the entire unit; upgraded circuit panel and increased main panel from original 60 amps to 100 amps. Tongue and groove red oak hardwood floors throughout with high-grade elegant wall-to-wall carpeting in the two ample-sized bedrooms. Elegant crown molding in bedrooms. Abundant closet storage including master +G+walk-in+G- closet and full mirrored sliding closet doors in secondary bedroom. Community provided forced hot-water radiant baseboard heat and +G-through-the-wall+GG AC unit. "Drive-by Only; if necessary, make offers subject to Inspection".

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bright Home Group | Keller Williams. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-15T12:03:48.49.
www.brighthomesdelmarva.com/homes/130923361
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201-1/2 Philadelphia Pike , #107 WILMINGTON, DE 19809

  • Price: $100,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 29 min ago
  • ID#: DENC2025688
2
Beds
1
Baths
0
½ Baths
N/A
Acres
800
SQFT
$125
$/SQFT
1968
Built
Neighborhood:
Brandywine Hundred
County:
New Castle
Area:
Brandywine (30901)
School District:
Brandywine
Property Description
Turn-Key and already net cash-flowing nearly $1,000/month - nice addition to any portfolio **INVESTORS ONLY** $1,400/month in-place Rent! Condo Fee $308/mo. Well-managed Condo Association takes care of all exterior maintenance with a fully funded Reserves account and Tenant is responsible for all interior maintenance; As the investor, you do nothing but just collect your rent which is on Auto Direct Deposit at the 1st of each month! Stable corporate tenant in place since April 2016 and no signs of going anywhere anytime soon! Auto-Extending Lease from Year-to-Year with automatic 3% increases. Tenant paid Full Security Deposit. Tenant pays for utilities directly. Unit features 42+G- tall kitchen wall cabinets, stainless steel +G+Frigidaire+G- appliances, butcher-block counters, in-unit full size stacked washer and dryer (this is the only unit in the complex with a washer/dryer and is grandfathered-in). Upgraded electrical wiring throughout the entire unit; upgraded circuit panel and increased main panel from original 60 amps to 100 amps. Tongue and groove red oak hardwood floors throughout with high-grade elegant wall-to-wall carpeting in the two ample-sized bedrooms. Elegant crown molding in bedrooms. Abundant closet storage including master +G+walk-in+G- closet and full mirrored sliding closet doors in secondary bedroom. Community provided forced hot-water radiant baseboard heat and +G-through-the-wall+GG AC unit. "Drive-by Only; if necessary, make offers subject to Inspection".
Exterior Features

Architectural Style Other Assigned Parking Spaces 1 Construction Materials Other Direction Faces East Garage YN No Other Structures Above GradeBelow Grade Parking Features Assigned Parking Types Parking Lot Pool No Pool Property Condition Very Good Riparian Rights YN No Roof Unknown Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 800 Appliances Built-In MicrowaveDishwasherDisposalDryer - Front LoadingDryer - ElectricOven/Range - GasRange HoodRefrigeratorStainless Steel AppliancesWasher - Front LoadingWasher/Dryer Stacked Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Wall Unit Fireplace YN No Fireplaces Total 0 Flooring Other Furnished No Heating Baseboard - Hot Water Heating YN Yes Inclusions All Existing Appliances in As-Is Condtion Interior Features Ceiling Fan(S)CarpetWood FloorsWindow Treatments Laundry Type Washer In UnitDryer In UnitCommon Levels 3 Main Level Bedrooms 2 Security Features Exterior CamerasIntercomMain Entrance LockSmoke DetectorSurveillance Sys Spa YN No Walls Ceilings Other

Property Features

Acceptable Financing CashOther Accessibility Features None Assessment Year 2021 Association Amenities Laundry FacilitiesMeeting RoomParty RoomPicnic Area Association Fee Includes Alarm SystemAll Ground FeeCommon Area MaintenanceExt Bldg MaintInsuranceLaundryLawn Care FrontLawn Care RearLawn Care SideLawn MaintenanceReserve FundsSewerSnow RemovalTrashWater Association Fee2 308.26 Association Fee2 Frequency Monthly Association YN No Central Air YN No Condo YN Yes Cooling Fuel Electric Cross Street Shipley Rd Electric 100 Amp Service Federal Flood Zone YN No Heating Fuel Natural Gas Historic YN No Horse YN No Hot Water Natural Gas Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 801652536826 Ownership Interest Condominium Pets Allowed YN No Possession Subject To Existing Lease Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Other Tax Annual Amount 1486.00 Tax Assessment Amount 42000.00 Tax Lot 061.C.0107 Total Actual Rent 16800.00 Transportation Bus Stop Less Than 1 MileCommuter Rail Station 1 To 5 MilesCommuter Lots Less Than 5 Miles Utilities Cable Tv AvailableNatural Gas AvailablePhone Available Vacation Rental YN No Water Source Public Window Features ScreensSliding Year Built Effective 1981 Zoning Ncap

Listing courtesy of Dupont Street Realty Advisors.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bright Home Group | Keller Williams. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-15T12:03:48.49.
 
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