27 W David St Frederica, DE 19946
Estimated payment $1,440/month
About This Home
Income-Producing Duplex in Prime Location – Turnkey Investment Opportunity!
Welcome to this charming and fully rented duplex located in Frederica just off Rt. 1, ideal for investors or those looking to house-hack! This well-maintained property features two spacious units, each offering 2 bedrooms and 1 bathroom, with separate entrances and utilities for ultimate tenant privacy and convenience.
Highlights include:
Total of 4 bedrooms, 2 bathrooms across both units
Current gross monthly income: $2400.00
Long-term, reliable tenants already in place
Updated kitchen and flooring, Unit 1
Shared backyard and off-street parking
Washer/dryer hookups in both units
Potential for increased rents based on market rates
Located just minutes from downtown Milford, shopping, hospitals, and top-rated schools, this property is a solid addition to any real estate portfolio. Whether you're an experienced investor or a first-time buyer looking to live in one unit while renting the other, this duplex delivers strong cash flow and low vacancy risk.
Don’t miss out on this turnkey opportunity to generate passive income from day one!
Schedule a private showing today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,007
Year Built
- Built in 1930
Lot Details
- 5,837 Sq Ft Lot
- Lot Dimensions are 65.00 x 90.00
Parking
- On-Street Parking
Home Design
- Duplex
- Colonial Architecture
- Frame Construction
Interior Spaces
- 3,026 Sq Ft Home
- Crawl Space
Utilities
- Electric Baseboard Heater
- Electric Water Heater
Community Details
- 2 Units
- Double Run Hunt Cl Subdivision
Listing and Financial Details
- Tax Lot 2600-000
- Assessor Parcel Number SM-08-14106-03-2600-000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,007 | $280,800 | $46,700 | $234,100 |
| 2023 | $635 | $27,000 | $4,000 | $23,000 |
| 2022 | $568 | $27,000 | $4,000 | $23,000 |
| 2021 | $518 | $27,000 | $4,000 | $23,000 |
| 2020 | $1,121 | $27,000 | $4,000 | $23,000 |
| 2019 | $561 | $27,000 | $4,000 | $23,000 |
| 2018 | $555 | $27,000 | $4,000 | $23,000 |
| 2017 | $577 | $27,000 | $0 | $0 |
| 2016 | $528 | $27,000 | $0 | $0 |
| 2015 | $520 | $27,000 | $0 | $0 |
| 2014 | $512 | $27,000 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/03/2025 07/03/25 | Price Changed | $245,000 | -5.8% | $81 / Sq Ft |
| 04/24/2025 04/24/25 | For Sale | $260,000 | -- | $86 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $27,000 | None Available | |
| Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $102,500 | New Conventional | |
| Closed | $90,000 | Commercial | |
| Closed | $80,000 | Purchase Money Mortgage |
Source: Bright MLS
MLS Number: DEKT2038194
APN: 8-08-14106-03-2600-000
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