About This Home
This 0-bedroom, 0-bathroom single family at 1 SHELLCREST LANE in Wilmington, DE is listed for $899,900. Built in 1957, on a 3.30 acres lot.
Key Features
- Built in 1957
- 3.30 acre lot
Property Details
Shellcrest Swim Club Investment Opportunity Established Community Swim Club Value-Add Investment Projected 8 Annual Return Established in 1957, Shellcrest Swim Club presents a unique opportunity for an investor or investment group to partner with an established community-based recreational business and participate in its next chapter of growth.
Situated on approximately 3.3 acres and zoned NC6.5, the property combines an established recreational operation with a substantial underlying real estate asset. Rather than simply acquiring real estate, this opportunity is designed around the preservation, renovation and continued operation of a longstanding neighborhood institution.
A current business plan has been developed to support strategic capital improvements, enhance the member experience, strengthen operations and create additional opportunities for future growth. The proposed investment structure provides an opportunity for investors to participate in the clubs future while supporting a valuable community asset.
Based on the current business plan, the investment is projected to generate an annual return of approximately 8, subject to the final investment structure, operating performance and investor due diligence.
Monthly Cost Estimate
$4,813/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1 SHELLCREST LANE
Wilmington, DE 19803
Questions & Answers
This 0-bedroom, 0-bathroom single family at 1 SHELLCREST LANE is listed at $899,900. The estimated monthly payment is $4,812 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1957, 3.30 acre lot.
This property is listed by Jordan Oncay.
Jordan Oncay
Agent at Long & Foster Real Estate