Thank you
Karim Mozher
EXP Realty, LLC
888-543-4829
Attention Investors! This remarkable 1.1-acre commercial/residential property presents an exceptional opportunity for success. Strategically located on the bustling Route 13, just north of Smyrna, this property's prime location is the key to unlocking its full potential. At the heart of this property is a charming 900-square-foot home boasting three bedrooms, one bath, and a full basement but definitely needs some TLC. Currently rented on a month-to-month basis for $1,500 per month, this cozy residence offers a comfortable living space and a reliable source of income. Complementing the residential unit is a spacious 680-square-foot garage equipped with an office and a bathroom, ideal for a dealership, automotive garage, lawn service.. lots of possibilities! The garage, featuring its own address, separate electric supply, and well, stands as a separate entity from the main house. It is currently leased for $1,800 per month with a five-year agreement with 20% yearly increase. This rental agreement guarantees a steady and increasing revenue stream for the next several years. The income-generating potential of this property is truly remarkable. Both the home and the garage can be rented out individually, maximizing your return on investment. Alternatively, you have the option to occupy one unit and lease the other, allowing for convenient on-site management. Situated on a large lot, this property offers excellent visibility and exposure for advertising products or services, thanks to the constant flow of traffic passing by on Route 13. The abundance of space also presents an exciting opportunity to expand the property by adding additional buildings or structures, further enhancing its income-generating potential. This highly sought-after property is expected to attract significant interest from savvy investors. Act swiftly, as it won't remain on the market for long. With a reliable tenant already in place, kindly note that 24-hour notice is required for showings, without exceptions. Don't miss out on this lucrative opportunity. With a current rental income of $3,300 per month and endless possibilities for expansion and profitability, this property is an ideal investment for those seeking a small business venture. Contact us today to secure your future success!
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Total Bedrooms : 3
Master Bedroom Level: 3
Total Baths: 1
Full Baths: 1
Laundry Type : Basement
Water Source : Well
Basement Description: Unfinished
Cooling: Window Unit(s)
Heating: Hot Water,Space Heater
Cooling Fuel: Electric
Heating Fuel: None
Year Built: 1945
Structure: Detached
New Construction: No
Built: 1945
Construction Material: Concrete
Foundation/Basement: Concrete Perimeter
Architecture: Bungalow
Pool/Private: No Pool
Pool: No Pool
Sewer: On Site Septic
Water Heat: 60+ Gallon Tank,Electric
Lot Size: 47,916
Dimensions: 200.00 x 240.00
Lot Size (Acres): 1.10
Architectural Style: Bungalow
Main Square Feet: 47,916
SQ ft: 900
SQ ft (Living Area): 900
Total Lot SQ ft: 47,916
Subdivision: NONE AVAILABLE
Financing: Cash
Appx. Lot Dimensions: 200.00 x 240.00
Total Acreage: 1.10
New Construction: No
Type: Bungalow
Possession: 0-30 Days CD,31-60 Days CD
Days Of Market: 268
Lease Considered: No
Annual Tax: $1,021
Tax Year: 2022
Total Taxes Payment Frequency: Annually
0-30 Days CD,31-60 Days CD
Taxes Assessment Amount: $39,500
Parking Type: Driveway,Parking Lot
Has Garage: N
Acceptable Financing: Cash
Road Frontage Length: 200
Direction: Right on 13.
School District: SMYRNA
Water Source: Well
Sewer: On Site Septic
Cooling Fuel: Electric
Heating Fuel: None
Hot Water: 60+ Gallon Tank,Electric
Direction: Right on 13.
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
211 Arrowood Drive #7, Smyrna, DE,19977 | $492,900 | 4 | 2.5 | -- | 10890 Sqft |
33 Seldon Drive #SASSA.., Smyrna, DE,19977 | $519,000 | 3 | 2.0 | -- | 21780 Sqft |
33 Seldon Drive #GREEN.., Smyrna, DE,19977 | $559,000 | 4 | 2.5 | -- | 21780 Sqft |
33 Seldon Drive #EDEN, Smyrna, DE,19977 | $569,000 | 4 | 2.5 | -- | 21780 Sqft |
00 Felix View Court #A.., Smyrna, DE,19977 | $392,000 | 2 | 2.0 | -- | 4356 Sqft |
00 Felix View Court #B.., Smyrna, DE,19977 | $382,000 | 2 | 2.0 | -- | 4356 Sqft |
00 Felix View Court #B.., Smyrna, DE,19977 | $395,000 | 2 | 2.0 | -- | 5300 Sqft |
00 Felix View Court #B.., Smyrna, DE,19977 | $402,000 | 3 | 2.0 | -- | 4792 Sqft |
00 Felix View Court #A.., Smyrna, DE,19977 | $406,000 | 2 | 2.0 | -- | 4792 Sqft |
33 Seldon Drive #OXFORD, Smyrna, DE,19977 | $538,000 | 4 | 2.5 | -- | 21780 Sqft |
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ByOwner last updated this listing 05/04/2024 @ 06:05
MLS: DENC2044076
LISTED BY: Karim Mozher , EXP Realty, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.