229 North Front Street

Seaford DE 19973

1350 sq. ft.

7405 sq. ft.

Duplex

Currently for sale - view listing

Overview

INVESTOR OPPORTUNITY IN DOWNTOWN SEAFORD! This 7-bedroom, 3-bath duplex offers an excellent opportunity to own an income-producing property in the City of Seaford’s Downtown Development District, where incentives may currently be available for qualifying improvements made to the property. The first unit features 4 bedrooms and 2 baths and is currently occupied, generating $1,750 per month in rental income, which is below potential market rent. The second unit is a 3-bedroom, 1-bath residence that is currently vacant and offers significant upside for an investor. Renovations to the second unit have already been started, including drywall and some electrical work, but additional work is still needed to complete the renovation and prepare the unit for occupancy. Once completed, the second unit provides an opportunity to add another income-producing rental and significantly increase the property’s overall cash flow. Both units are equipped with central air conditioning and tankless hot water heaters, adding comfort and efficiency for tenants. With one unit already producing rental income and the second unit offering a value-add renovation opportunity, this property presents an attractive cash-flow and equity-building investment. Its location within Seaford’s Downtown Development District may also provide access to incentives for qualifying property improvements and revitalization. Whether you are looking to expand your rental portfolio or take on a value-add investment, this property offers 7 bedrooms, 3 baths, two separate living units, existing rental income, and substantial upside once the second unit is completed. Buyers should verify eligibility, availability, and requirements for all Downtown Development District incentives directly with the appropriate authorities