Property

Dover, DE 19904 217-219 W Reed Street

$420,000

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Presented By: Century 21 Gold Key Realty
  • MLS# DEKT2036316
  • 04/08/2025
  • Request Tour
  • Request Info
  • Beds • 4

Home Details

Introducing 217-219 W Reed St, a meticulously maintained turnkey property featuring four fully occupied 1-bedroom apartments . This investment opportunity offers immediate positive cash flow, with all four units rented and generating income from day one. The property's financials are straightforward: tenants are responsible for all utilities except water, which is covered by the owner.The rental income breakdown is as follows:- 219A: $1,302/month (includes all utilties), 219B: $925/month, 217A: $962/month, 217B: $893/month. Whether you're a seasoned investor or just starting out, this property presents a compelling opportunity for steady returns. With its hassle-free setup and existing tenants, 217-219 W Reed St is an attractive addition to any investment portfolio. Don't miss out on this chance to secure a profitable investment inquire today!"
Presented By: Century 21 Gold Key Realty

Interior Features for 217-219 W Reed Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
BasementOther
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
FlooringCarpet, Vinyl
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterPropane
Total Stories2
Window FeaturesInsulated

General for 217-219 W Reed Street

Acceptable FinancingCash, Conventional, FHA, VA
AccessibilityNone
Architectural StyleOther
CityDOVER
Construction MaterialsFrame, Vinyl Siding
Cool FuelElectric
CoolingWindow Unit(s)
CountyKENT
Directionssee map
DisclosuresLead Based Paint - Federal
Electric200+ Amp Service
Garage Y/NNo
HeatingRadiator
Historic Y/NNo
Home Warranty Y/NNo
Lease TypeLong Term
Lot Size Square Feet2613.60
Lot Size UnitsSquare Feet
MLS AreaCapital (30802)
ModificationTimestamp2025-05-26T12:33:09
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
One Bedroom Units Count4
Other StructuresAbove Grade
OwnerPaysWater
OwnershipFee Simple
Possession0-30 Days CD, 31-60 Days CD, 61-90 Days CD
Price Per Sq Ft Total AG164.06
Property SubtypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofShingle
School DistrictCAPITAL
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeOther
Tax Annual Amount1299.0
Tax Assessed Value0.0
Tax Year2024
Total Rooms8
Total SQFT2560
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceEstimated
ZoningR

Exterior for 217-219 W Reed Street

Door FeaturesInsulated
Foundation DetailsOther
Lot Dimensions0.06 Acres
Lot Size Acres0.06
Lot Size SourceEstimated
LotDimensionsSourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Road ResponsibilityPublic
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $420,000
MLS#DEKT2036316
List Date 04/08/2025
Property Type Multi-Family
Phone (973) 332-3023
Request Tour
Request Info
Visit My Website

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