201 Philadelphia 1/2 Pike #107, Wilmington, DE 19809

Attention Condo Investors Only: High-Yield Investment Opportunity with Turn-Key Convenience Add this exceptional rental property to your IRA portfolio and enjoy an already established NET Cash Flow of approximately $1,100 per month. Generating a reliable income from in-place rent, this condo offers a stable and hassle-free investment. The condominium association is efficiently managed, taking care of all exterior maintenance, and maintains a fully funded Reserves account for added security. Meanwhile, the responsible tenant ensures all interior maintenance, leaving you with nothing to worry about except collecting your rent. With automated Direct Deposit on the 1st of each month, you can count on a consistent income stream. This property boasts a long-standing corporate tenant-in-place since April 2016, demonstrating their commitment to staying long-term. The lease is auto-extending yearly with automatic 3% increases, further enhancing your returns. The tenant has also paid a full security deposit and handles utility payments directly. While this deal is all about the numbers, inside, the unit features attractive upgrades, such as 42” tall kitchen wall cabinets, stainless steel “Frigidaire” appliances, and butcher-block counters. Notably, this unit includes a rare, grandfathered-in, in-unit full-size stacked washer and dryer. Upgraded electrical wiring and circuit panels ensure a modern and safe living environment. Tongue and groove red oak hardwood floors add a touch of elegance throughout, while the bedrooms feature high-grade wall-to-wall carpeting and elegant crown molding. Ample storage includes a master "walk-in" closet and full mirrored sliding closet doors in the secondary bedroom. Heating is provided by a community-forced hot-water radiant baseboard system, and the unit is equipped with a 'through-the-wall' AC unit for climate control. Please note that the property is "Drive-by Only," and any offers should be subject to inspection. Don't miss out on this excellent investment opportunity with a secure and reliable cash flow.