Patterson-Schwartz Real Estate201-1/2 Philadelphia Pike #104, Wilmington, DE 19809 $89,900
Acreage:
Age:57 years
Style:
Traditional
Subdivision: Heritage Place Con
Design/Type:
Unit/Flat/Apartment
Description
🢠Attention Investors: Prime Turnkey Investment Opportunity! 🢠Are you on the lookout for a seamless addition to your investment portfolio or your self-directed IRA? If so, your search ends here. Allow us to introduce an exceptional opportunity—a fully rented, 2-bedroom, 1-bath condominium with boundless potential for lucrative returns. This property isn't just a mere investment; it's a strategic step toward expanding your financial horizons. With a stable tenant who has a stellar track record already in place, you'll enjoy immediate income predictability. Plus, there's ample room to further enhance your returns by optimizing rental rates. The current tenant's rent is just $950, while other 2-bedroom units in this complex are easily getting $1300-$1400+! And situated in a prime location, this condominium ensures a steady influx of potential tenants, making it a highly attractive asset for your real estate portfolio. This property's advantages extend beyond the present. By capitalizing on the existing stable tenant situation and addressing minor cosmetic upgrades, you can unlock hidden potential and significantly boost your cash flow. The opportunity to maximize returns is within reach. Don't miss out on this exceptional turnkey investment. Whether you're an experienced investor or venturing into real estate for the first time, this opportunity sets the stage for significant financial success. Seize the moment to secure your tomorrow. Disclaimer: All provided information is reliable but should be independently verified for accuracy.
Home Assoc: No
Condo Assoc: $309/Monthly
Basement: N
Pool: No Pool
Features
Utilities
Baseboard - Hot Water Heating, Natural Gas, Wall Unit Cooling, Electric, Hot Water - Natural Gas, Public Water, Sewer/Septic - Grinder Pump, Public Sewer
Garage/Parking
Parking Lot
Exterior
Brick Veneer Exterior, Frame Exterior, Masonry, Stucco Exterior
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (27 schools)
Public Middle (7 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| duPont (Pierre S.) Middle School | Brandywine School District | 6–8 | Wilmington | 0.97 mi |
| First State School | Red Clay Consolidated School District | 2–12 | Wilmington | 2.07 mi |
| Springer Middle School | Brandywine School District | 6–8 | Wilmington | 3.01 mi |
| duPont (Alexis I.) Middle School | Red Clay Consolidated School District | 6–8 | Greenville | 3.67 mi |
| Douglass School | Christina School District | 1–12 | Wilmington | 3.94 mi |
| Odyssey Charter School | Odyssey Charter School | K–12 | Wilmington | 4.49 mi |
| Talley Middle School | Brandywine School District | 6–8 | Wilmington | 4.64 mi |
Public High (13 schools)
Private (25 schools)
© 2023 LiveBy. All Rights Reserved.
This report is a detailed community overview for Wilmington (19809), Delaware.
Community Quick Facts
- Average travel time to work for people in this community: 26
- Average salary of people in this community: $57,988
Community Summary
- Population Density (ppl / mile): 1,728
- Household Size (ppl): 2.42
- Households w/ Children: 59%
Housing Inventory
- Owned: 4,107 (64.2%)
- Rented: 1,955 (30.6%)
- Vacant: 336 (5.3%)
- Total: 6,398
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 1.1%
- Some High School: 4.2%
- High School Graduate: 24.8%
- Some College: 25.1%
- Associate Degree: 7.7%
- Bachelor's Degree: 22.2%
- Graduate Degree: 15.0%
Income by dollar range
Median Income: $73,462
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $1,071
- One Bedroom: $1,093
- Two Bedroom: $1,232
- Three Bedroom: $1,105
- Four Bedroom: $1,457
© 2023 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-576-6836
Listing Courtesy of: DuPont Street Realty Advisors , (310) 896-5003
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 10/01/2023.
