Single Family 3 Bedroom 1 Bathroom in Newark (Newark) for sale

(ID:41489288)

6 Prospect Avenue, Newark (Newark) - DE 19711

$350,000


School score
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Rental yield
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Appreciation
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Located in the heart of the University of Delaware Campus, this townhome consists of 3 formal bedrooms on the middle floor and the front room on the main level has been used as a 4th bedroom. The third floor room may be legally used as a den or anything other than a bedroom as per City of Newark laws. There is also a much sought after 4 unrelated/student rental permit in effect that goes along with this home. Most of the windows in the home have recently been upgraded to insulated windows. Current lease expires 5/31/2017 but the owners are actively working to get it re-rented for June unless the buyer wants to do that themselves. Rental permit fee is $200/year. Contact listing agent for showings and details.


  • Number: 41489288
  • Price: $350,000
  • Type: Single Family
  • Bedroom: 3
  • Bathroom: 1

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all information should be confirmed by customer. Customer should consult with its counsel regarding all closing costs, including taxes. The school score is based on the average rating of nearest schools for the property. The rental yield is estimated by the gross annual rental income divided by the price of the property. The appreciation number is the percentage increase in price for properties in the area over the past five years. IMPORTANT NOTICE: Past numbers are no guarantee for future performance. Investing in real estate involves risk and investors should be able to bear the loss of their investment.

East-West Property Advisors actively supports equal housing opportunities.

Agent Information

EWPA


Broker: Berkshire Hathaway HomeS

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