$187,000
$225,000
16.9%For more information regarding the value of a property, please contact us for a free consultation.
3 S MARKET ST Frederica, DE 19946
2,291 SqFt
Key Details
Sold Price $187,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,291 sqft
Price per Sqft $81
MLS Listing ID DEKT2004760
Style Other
Year Built 1945
Annual Tax Amount $676
Tax Year 2021
Lot Size 2,178 Sqft
Property Description
This is a commercially zoned 3 unit apartment building in downtown Frederica. All 3 units are 2 bedroom/1bath units. All three are currently rented on a month to month lease with an estimated rental potential of 30K or more per year. Owner pays water and sewer for all units. Tenants pay all remaining utilities. This property is zoned commercial although it is currently used as a residential property. The town of Frederica is transitioning into a desirable location for new business and rental potential.
Location
State DE
County Kent
Area Lake Forest (30804)
Zoning NA
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Wall Unit
Exterior
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Lake Forest
Others
Acceptable Financing Conventional, Cash, Negotiable
Listing Terms Conventional, Cash, Negotiable
Special Listing Condition Standard
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Bought with Eric L Buckson • Myers Realty