$228,000
$249,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
2,464 SqFt
SOLD DATE : 05/05/2023
Key Details
Sold Price $228,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,464 sqft
Price per Sqft $92
Subdivision Frederica
MLS Listing ID DEKT2018440
Sold Date 05/05/23
Style Other
Abv Grd Liv Area 2,464
Originating Board BRIGHT
Year Built 1880
Annual Tax Amount $914
Tax Year 2021
Lot Size 9,148 Sqft
Acres 0.21
Lot Dimensions 60.00 x 153.29
Property Description
Investor alert - a 3-unit apartment building in downtown Frederica, Delaware just minutes from Rt. 1 and the DE Turf. The property has a strong rental history and includes (2) one room units and (1) three-bedroom unit. Currently, all three units combine for a monthly rent income of 2150.00. The current market for this type of unit in Frederica has a rent potential of 2500.00 monthly. The property also includes a working garage and back deck/yard along with ample off-street parking. Currently, the owner pays water and sewer for all units and the tenants pay all remaining utilities. This area of Frederica is transitioning into a highly desirable location for rental opportunities so do not miss out on investing in this up-and-coming area of Kent Cunty Delaware.
Location
State DE
County Kent
Area Lake Forest (30804)
Zoning NA
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Other
Fireplace N
Heat Source Electric
Exterior
Exterior Feature Deck(s)
Garage Garage - Front Entry
Garage Spaces 2.0
Waterfront N
Water Access N
Accessibility Other
Porch Deck(s)
Parking Type Detached Garage
Total Parking Spaces 2
Garage Y
Building
Lot Description Rear Yard
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Lake Forest
Others
Tax ID SM-08-14107-01-2600-000
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, Cash, Negotiable
Listing Terms Conventional, Cash, Negotiable
Financing Conventional,Cash,Negotiable
Special Listing Condition Standard
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Bought with Kathryn R LANDON • Coldwell Banker Realty
43777 Central Station Dr, Suite 390, Ashburn, VA, 20147, United States
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