UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 2,740 sqft
Price per Sqft $129
Subdivision Bay Tree
MLS Listing ID DEKT2046006
Style Ranch/Rambler
Bedrooms 5
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 2,740
Year Built 1964
Available Date 2026-04-11
Annual Tax Amount $1,495
Tax Year 2025
Lot Size 9,191 Sqft
Acres 0.21
Lot Dimensions 104.27 x 79.63
Property Sub-Type Detached
Source BRIGHT
Property Description
Welcome to 206 Nimitz Road, Dover, Delaware, a rare and compelling opportunity for investors seeking immediate cash flow and long-term value. This expansive 5-bedroom, 3 full-bath ranch-style home, perfectly positioned on a corner lot, offers exceptional space, flexibility, and income potential, all within a desirable community with no HOA restrictions.
From the moment you enter, you're greeted by a bright, open-concept layout that seamlessly connects the living room (family room) to a beautifully updated eat-in kitchen, creating an inviting and functional living space. The main level is thoughtfully designed with generously sized bedrooms and full bathrooms, ideal for comfortable everyday living.
The true value of this home continues in the fully finished basement, which significantly expands the livable square footage. Featuring additional living areas and bedrooms, this lower level provides the perfect setup for multi-generational living, shared occupancy, or maximizing rental income streams.
This property stands out as an oversized ranch with exceptional versatility, making it highly attractive to both owner-occupants and investors alike.
Investment Highlights:
Tenant-occupied with an active professional lease in place
Tenant is willing to sign a long-term 5-year lease
Strong rental potential of up to $3,500 per month
Immediate income-producing asset from day one
Opportunity for positive cash flow and residual income
Whether you're building your portfolio or securing a reliable, income-generating property, this home delivers on all fronts, location, layout, and long-term financial upside.
Properties like this do not last. Schedule your private showing today and secure this exceptional investment before it's gone.
Location
State DE
County Kent
Area Capital (30802)
Zoning R8
Rooms
Basement Full, Fully Finished
Main Level Bedrooms 3
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Ramp - Main Level
Garage N
Building
Story 1
Foundation Slab
Above Ground Finished SqFt 2740
Sewer Public Sewer
Water Public
Architectural Style Ranch/Rambler
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Capital
Others
Senior Community No
Tax ID ED-05-06814-03-4100-000
Ownership Fee Simple
SqFt Source 2740
Special Listing Condition Standard
Nearby School & Business
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