Property
Beds
3
Full Baths
1
1/2 Baths
None
Year Built
1950
Sq.Footage
1,680
ATTENTION INVESTORS! TURNKEY, INCOME-PRODUCING RENTAL PROPERTY WITH A 12% GROSS ANNUAL RENTAL YIELD! Looking to add a cash-flowing property to your investment portfolio? Look no further than 211 Weymouth Road! Offered at just $176,000, this tenant-occupied property generates $1,760 per month in rental income, totaling $21,120 annually! LONG-TERM TENANT IN PLACE SINCE AUGUST 2010! That’s over 16 years of continuous occupancy! The tenant participates in the Housing Choice Voucher Program (commonly known as Section 8), with a lease secured through August 31, 2027. The program provides housing assistance payments directly to participating landlords, offering an attractive source of rental income. LOW LANDLORD UTILITY RESPONSIBILITIES! The landlord is responsible for sewer and trash only, helping keep operating expenses manageable. Additional features include natural gas heating, a natural gas water heater, and a finished basement offering valuable additional living space. With a purchase price of $176,000 and annual rental income of $21,120, this property offers an impressive 12% gross rental yield before operating expenses, making it an attractive opportunity for investors seeking immediate rental income without the hassle of finding a tenant. Whether you’re a seasoned investor expanding your portfolio or purchasing your first rental property, this is an opportunity worth considering. An established, long-term tenant, existing rental income, and a lease extending into 2027 make this an excellent addition to any rental portfolio!
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
1
-
Above Grade Finished Area
1120.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street, Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.03
-
Lot Size(square feet)
1,307
-
Property Type
Residential
-
Property Sub Type
Townhouse
-
Architectural Style
AirLite
Price
-
Sales Price
$176,000
-
Tax Amount
$3,676
-
Sq. Footage
1,680
-
Price/SqFt
$104
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Concrete Perimeter
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Tax Lot
621-000
-
Water Source
Public
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Location
County
DELAWARE
Elementary School
Middle School
High School
Listing Courtesy of Patrick Milia, Milia Team Realty
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Salesperson, Realtor
Jordan Fortson
Call Jordan today to schedule a private showing.
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