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803 E State St Delmar, DE 19940

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For Sale
$349,900

Fully rented triplex with recent updates and strong rental history.

Lot size:
0.23 Acres

Property Features for 803 E State St

General Information

Property type
Investment
Standard status
Active
Lot size
0.23 Acres

Building Details

Year built
1940

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Listing Contact
Kelley J Johnson
Source: Elliman

Listing Agency: Redfin Corporation Listing Agent: Kelley J Johnson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Well-Maintained Income-Producing Triplex

This well-maintained triplex presents an income-producing opportunity with a strong rental history. The property is fully rented and comprises three units. One unit features 2 bedrooms and 1 full bath, while the other two units each offer 1 bedroom and 1 bath. Tenants benefit from off-street parking accommodating up to 4 vehicles, along with a storage shed located in the rear yard. Recent updates include new appliances and replaced systems, such as the boiler, hot water heater, sump, and heat pumps. The property is located close to downtown and within a short distance of local schools, making it a turnkey investment.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Delmar
County
Sussex
State
Delaware
Longitude
-75.5680064
Latitude
38.4559637

FAQs

What type of property is this?
Triplex - Fully rented triplex with recent updates and strong rental history.
Where is this triplex located?
The property is located at 803 E State St Delmar, DE.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: - Fully rented triplex with strong rental history provides immediate income.; - Recent updates to appliances, boiler, hot water heater, sump, and heat pumps reduce maintenance costs.; - Convenient location close to downtown and local schools.
More about this property
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