$180,000
$199,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
2,614 Sqft Lot
SOLD DATE : 01/25/2017
Key Details
Sold Price $180,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Delaware City
MLS Listing ID 1003956293
Sold Date 01/25/17
HOA Y/N N
Originating Board TREND
Year Built 2001
Annual Tax Amount $1,823
Tax Year 2016
Lot Size 2,614 Sqft
Acres 0.06
Lot Dimensions 24X100
Property Description
Mixed-Use building in Delaware City, DE, Across from ferry launch, Building built in 2001, Upstairs is 2BR apartment with balcony that overlooks river, Washer/dryer in unit, central AC, Downstairs is retail space with bathroom, office space and handicap ramp in the rear, Great views from upstairs balcony, Upstairs current rent = $915/month, Downstairs recently rented for $775/month, Total yearly gross rent (when 1st floor rented) = $20,280, Total yearly expenses (includes sewer/water/trash/taxes/flood ins, etc) = $5,100, Net Income = $15,180, Results in 7.6% Cap Rate, Income/Expense Sheet to be provided to serious Buyers, Roof, dishwasher and upstairs toilet replaced in 2015
Location
State DE
County New Castle
Area New Castle/Red Lion/Del.City (30904)
Zoning 22C-1
Rooms
Other Rooms Master Bedroom
Interior
Hot Water Natural Gas, Electric
Cooling Central A/C
Flooring Carpet, Vinyl
Fireplace N
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Under Ground, Above Ground
Waterfront N
View Y/N Y
Water Access N
View Water
Roof Type Flat,Built-Up
Accessibility Mobility Improvements
Road Frontage State
Parking Type On Street
Garage N
Building
Building Description Other, Ceiling Fans
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Other
New Construction N
Schools
School District Colonial
Others
Tax ID 22-007.00-131
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Glenn A Prechtl • Applebaum Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "