Great investment property in Washington Park just outside of Historic New Castle 4 bedrooms, 1.5 bathrooms, Cape Cod, 1525 square feet, 0.11 acre lot with a large kitchen, garage and shed in the back, built 1941. Price $65,000, cash ARV $160,000 Sold comps 59 University Ave. $174,000, 1/4/11, 4/2 Cape Cod, 1975 sqft 25 Notre Dame Ave $158,000, 2/22/11, 4/1/1 Cape Cod 606 Frenchtown Rd. $175,000, 9/30/10, 3/2 Cape Cod 610 Frenchtown Rd $165,000, 8/24/10, 4/1 Single Family, 725 sqft This could be a great rental and/or a rehab project. You could rent it today; everything is working, just outdated. You could do a few minor fix ups. Zillow Rent Estimate $1180/mo. Roof installed September 2003 HVAC install 2008 (Gas forced air, central air) Owner claims there are “beautiful” hardwood floors under the carpet. If you renovate - estimated $25,000 - $30,000 - New kitchen, new bathrooms, interior and exterior painting, some stucco repair, new kitchen floor, could use additional circuits, GFCI outlets and new lighting. There are updated first floor vinyl windows, but needs 9 new windows. There is paneling over plaster, tile kitchen ceiling, drop ceiling in one hallway and bedroom, plus other cosmetics. Email me or call 302-559-5990 for the address, pictures, video, and more information. Proof of funds required with offer.
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