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$725,000
3 Beds ⋅ 2 Baths
ATTENTION ALL INVESTORS!! Rare opportunity to acquire a six-unit residential investment portfolio in Dover, Delaware, offered exclusively as one package. All six condominium units are currently rented and occupied by long-standing tenants, providing an established rental income stream from day one. The portfolio currently generates $7,850 in gross monthly rental income, or $94,200 annually. Monthly condominium fees total $385, and property taxes are approximately $1,400 per unit annually, or $8,400 for the six-unit portfolio. At the asking price of $725,000, the current gross rental income represents approximately a 13.0% gross rent-to-price ratio. After the stated condominium fees and property taxes, the annual income is approximately $81,180 before other operating expenses, vacancy, insurance, maintenance, management, and financing costs. If you are looking to add to your investment portfolio, this is a great deal to review today!

103 Par Haven Dr, Dover

Listing courtesy of Iron Valley Real Estate Premier. Contact: 3027414545