5 unit turn key apartment building located in water front community of Historic Delaware City. Three 1 bedroom units and Two 2 bedroom units. Coin operated laundry. Building equipped with fire alarm and state of the art fire escape. The projective rents of $800.00 per unit a conservative number. You must visit property to see potential. Newer roof, all newer heat pumps, separate electric, newer hot water heater. Landlord pays taxes, insurance, sewer, water, hot water and maintenance. Tenant pays electric. See breakdown of expenses attached with disclosures. There is ample parking available on side and front of building. The building is situated on a large corner lot with subdivision possibilities, (see attached plot plan).
List Price: $549,000
MLS Number: DENC513170
Tax ID #: 22-006.00-027
Ownership Interest: Fee Simple
Sub Type: Multi-Family 5 units
Waterfront: no
Net Square Feet: 4,075
Price/SqFt: $134.72
Business Use: 5 unit rental building
Year Built: 1890
County: New Castle, DE
In City Limits: Yes
Legal Subdivision: City of Delaware City
School District: Colonial
Election District:
HOA: no
Tax Annual Amount: $2,481.00
Tax Year: 2020
School Tax: $1,532
County Tax: $210
County Tax Payment Frequency: yearly
City Town Tax: $739
City Town Tax Payment Frequency: yearly
Clean Green Assessed:
Zoning: 22R-1
Tax Assessed Value: 64,800
Improvement Assessed Value: 53,200
Land Assessed Value: 11,600
Block/Lot: 027
Lot Size Acres: .46 acres
Lot Size SqFt: 20,038
Lot Size Source: assessor
Parking Types: Parking lot and street parking
Accessibility Features: none
Exclusions: Personal Property
Cooling Type: c/a
Cooling Fuel: electric
Heating Type: heat pumps
Heating Fuel: electric
Hot Water: gas
Water Source: public
Sewer Septic: public