This property has an occupancy permit as a rental unit for 4 people and is a super investment opportunity near the University of Delaware. The most recent rents totaled $1,400 per month with the tenants paying all utilities. Recently updated and expanded; this large ranch home includes an oversized family room addition that can easily be used as a great room, additional bedroom area and/or recreation area. The adjacent deck is a great place for a barbeque. If you purchase this property an owner occupied property and take it off the Newark Rental roles, you'll be eligible for incredibly low interest rate financing through the City of Newark. Either way, you'll be getting a solid house with plenty of room, great hardwood floors and a terrific location. Walk or bike to work, restaurants, entertainment and/or school. Take a look at the numbers for investor positive cash flow. You won't find too many places that can compete with the value of this property.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
