Summary
Rare to find duplex in Smyrna DE. Great cash flow potential!! Zoned R-3. 420 has been fully renovated with central hvac and drywall. New kitchen and bathroom. 422 needs a full rehab. The electrical was updated in recent years to include the separate meters. The property sits on a quiet street across from a church. Unit 420 is occupied by a family friend of the owner at far below market value. His rent can be increased by the new owner. It is at $650/mo. Market rents support 1.5k per unit or 3k total.
Closing with Adkins Title. Non refundable EMD. Closing to take place 5/31 or sooner.
As-is sale. ALL CASH. Buyer to pay all closing costs and recording fees. Transfer taxes split 50/50.
Street View
Location
current deal
comparables
available
sold
#2
$123k
$99k
Bedrooms | |
Bathrooms | |
Sq. footage |
Deals nearby
Available
Sold