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2br - Poor Credit? 2 Bedroom 1 Bath Subject-To, Walk to U of D!
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Property Description |
For sale by owner (I will work with brokers).
Cute bungalow with a great back yard. Easy walk to main University of Delaware campus. Mature trees on 1/3rd acre. Parking for up to three vehicles, and a valid City of Newark rental permit for three un-related.
Property has two bedrooms, 1 bath with washer and dryer. Kitchen needs updating; New roof and siding in the last 3 years. New sewer main installed within the last 10 years and the electrical service has been completely updated. Baseboard heat, and I have installed a pellet stove (wood stove). Typical cost to heat each year is less than $350.00 if you purchase your pellets in bulk.
I have owned the property for over ten years and am relocating out of the area for work. Great neighborhood for a family just starting out. Daycare and two of the best elementary schools in New Castle County are within easy walking distance and the bus line is right around the corner.
Subject To will be with the following terms: $210k full purchase price within the next 5 years. I will continue to hold the existing mortgage in the meantime. Water and electric will be in your name immediately. Monthly cost $1,000.00 and we will write the agreement against the deed in order to protect you.
If you are one of the rare folks these days who has good enough credit to get a loan, the home can also be purchased outright and in certain instances we may be willing to hold a small second mortgage. Make me an offer, I'll work with you. The price above reflects my needing to continue to hold financing for up to 5 years. I am flexible, but please do not simply email me asking "what will you take?"
I am not interested in renting this property. . . If you wish to do so once we have entered into an agreement, that is your business. n-sharp@live.com
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| Contact person: |
Nate Sharp |
| Seller Type: |
PrivateOwner |
| Phone: |
302-545-3671 |
| Email: |
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| Web Link: |
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| Listing Status: |
For Sale |
| Property Type: |
Single Family |
| Price($): |
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| Street Address: |
791 Barksdale Road |
| City: |
Newark, |
| Region: |
Delaware |
| ZIP/Postal Code: |
19711 |
| Bedrooms: |
2 |
| Bathrooms: |
1 |
| Stories: |
1 |
| Square Feet: |
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| Lot Size: |
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| Year Built: |
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| Owner Finance: |
No |
| Cap Rate: |
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| Net Operating Income: |
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| Price Per Square Foot: |
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