BEDS0
BATHS
SQUARE FEET1,350
MLS#DESU2118264
STATUSPENDING
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSEAFORD
SCHOOLSEAFORD
Property Description
INVESTOR OPPORTUNITY IN DOWNTOWN SEAFORD! This 7-bedroom, 3-bath duplex offers an excellent opportunity to own an income-producing property in the City of Seaford’s Downtown Development District, where incentives may currently be available for qualifying improvements made to the property. The first unit features 4 bedrooms and 2 baths and is currently occupied, generating $1,750 per month in rental income, which is below potential market rent. The second unit is a 3-bedroom, 1-bath residence that is currently vacant and offers significant upside for an investor. Renovations to the second unit have already been started, including drywall and some electrical work, but additional work is still needed to complete the renovation and prepare the unit for occupancy. Once completed, the second unit provides an opportunity to add another income-producing rental and significantly increase the property’s overall cash flow. Both units are equipped with central air conditioning and tankless hot water heaters, adding comfort and efficiency for tenants. With one unit already producing rental income and the second unit offering a value-add renovation opportunity, this property presents an attractive cash-flow and equity-building investment. Its location within Seaford’s Downtown Development District may also provide access to incentives for qualifying property improvements and revitalization. Whether you are looking to expand your rental portfolio or take on a value-add investment, this property offers 7 bedrooms, 3 baths, two separate living units, existing rental income, and substantial upside once the second unit is completed. Buyers should verify eligibility, availability, and requirements for all Downtown Development District incentives directly with the appropriate authorities
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Craftsman
Lot Size: 0.17 Acres
Roof Type: Architectural Shingle
Taxes: $1,498
Year Built: 1972
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Building Name: NONE AVAILABLE
Days on Site: 10
Exterior: Stick Built
Lot Dimensions: 0.17 Acre(S)
Sewer: Public Sewer
Structure Type: Twin/Semi-Detached
Three Bedroom Units: 1
Total Garage/Parking Spaces: 2
Units: 2
Utilities: Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Local Schools
School District: SEAFORD
Listed By / Shown By
Listed By
Agency Name: Tri-County Realty
Agency Phone: 3025385899
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 791.90 per month $589.78 Principal & Interest $124.83 Property Tax $77.29 Homeowner's InsuranceChange Payment Information
229 N Front Street | MLS# DESU2118264
This multi-family property located at 229 N Front Street, Seaford, DE 19973 is currently listed for sale with an asking price of $265,000. N Front Street is located within the SEAFORD school district. Search Seaford real estate on www.realtymarkllc.com today.