2429 N Delsea Drive

Description

Property Type: The property is described as a two-bedroom, one-bathroom brick ranch-style home with a detached 1,200 sq ft garage.Zoning: The property is located in a B-2 Commercial zone, which means it has commercial possibilities. This zoning can allow for a variety of commercial uses, making it versatile for potential investors.Property Features: The home has a front porch with tilt windows, which can be an attractive feature for tenants or commercial purposes.Recent Updates: Several important updates have been made to the property, including a new septic system and roof in 2019, replacement of half the windows in 2021, and relatively new heating and water heater systems (approximately 6 years old). Stainless steel fridge and stove.Solar Installation: Solar panels were installed in 2020, and the lease for these panels can be transferred to the new owner. The cost of $159 per month for solar is included in the rent.Tenant and Lease Details: The property is currently occupied by a long-term, on-time paying tenant with a lease in place until December 2024. The tenant is responsible for paying all utilities and maintaining the lawn.Garage: The detached garage provides additional income potential through rental or can be used for storage.Location: The property's location is highlighted as being conveniently situated between the shore and Philadelphia, with easy access to Route 55.Overall, this property appears to offer a range of income-generating opportunities for investors, including the potential for commercial use in a B-2 Commercial zone, rental income from both the home and garage, and the added benefit of solar lease income. It's essential for interested buyers to conduct due diligence, including reviewing the current lease and zoning regulations, to assess its suitability for their investment goalsSeller is including a one year home warranty and septic and termite certification.