The New Castle Townhouse Portfolio offers a terrific opportunity to own 15 cash flowing and stable townhouse rental units, primarily in Wilton and in Wellington Woods, very popular rental markets in New Castle County, DE. The areas are much sought after by renters, investors, as well as individual homeowners. The unit size appeals to renters and the affordability appeals to homeowners. The collection of units boasts a long and very impressive history of high occupancy. Though an often very much overused point, even to the point of cliche-ish...rents are, in fact, below market. Continued favorable financing environment, along with the strength in rental markets, and the desirable unit size, all combine to make this a terrific opportunity indeed. Sale of individual units will be considered, as will interest in any combination of multiple units.
Listing courtesy of Meyer & Meyer Realty.