$650,000
$750,000
13.3%For more information regarding the value of a property, please contact us for a free consultation.
2603 NAAMANS RD Wilmington, DE 19810
12 Beds
6 Baths
950 SqFt
Key Details
Sold Price $650,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 950 sqft
Price per Sqft $684
Subdivision None Available
MLS Listing ID DENC528312
Sold Date 09/10/21
Style Ranch/Rambler
Bedrooms 12
Full Baths 5
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 950
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $5,136
Tax Year 2021
Lot Size 1.100 Acres
Acres 1.1
Lot Dimensions 0.00 x 0.00
Property Description
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.
Location
State DE
County New Castle
Area Brandywine (30901)
Zoning NC10
Rooms
Basement Full
Main Level Bedrooms 12
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplaces Number 2
Fireplace Y
Heat Source Natural Gas
Laundry Main Floor
Exterior
Water Access N
Street Surface Black Top
Accessibility None
Garage N
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Ranch/Rambler
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Brandywine
Others
Senior Community No
Tax ID 06-022.00-029
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Nicholas A Baldini • Patterson-Schwartz-Hockessin