23 PALMER PL Newark, DE 19713

Welcome to this conveniently located 3 bedroom, 1 bath townhome in the heart of Newark. This property offers a unique investment opportunity that shouldn't be overlooked. Situated in a highly convenient Newark location, this townhome offers easy access to schools, shopping centers, transportation, and more. It's a prime location for anyone looking for accessibility and proximity to essential amenities. The property is currently very under rented by a long-term tenant who wishes to stay, paying a monthly rent of $740.00. The home is in below-average condition, but this is reflected in the listing price. The lower initial cost provides a unique opportunity for those who are willing to invest in renovations and improvements. A similar model that was completely renovated sold for over $240,000.00. This demonstrates the significant upside potential this property holds. With some investment in renovations and upgrades, you could substantially increase its value. It's important to note that the property is being sold strictly "as is." This means that any necessary repairs or improvements will be the responsibility of the buyer. However, the potential return on investment makes this a worthwhile opportunity for those looking to put in the effort. In summary, this 3 bedroom, 1 bath townhome in Newark is an excellent investment opportunity with a prime location, a long-term tenant, and significant upside potential. While it may require some renovation work, the attractive listing price and the potential for a substantial increase in value make this property a compelling choice for savvy investors. Don't miss out on this chance to unlock the hidden value in this property.