$340,000
$330,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
28 S OLD BALTIMORE PIKE Newark, DE 19702
1,700 SqFt
Key Details
Sold Price $340,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,700 sqft
Price per Sqft $200
MLS Listing ID DENC2064722
Style Colonial
Year Built 1866
Annual Tax Amount $723
Tax Year 2022
Lot Size 6,098 Sqft
Property Description
Here's an amazing opportunity to own a fully renovated turn key multi-family property. This multi-family property is located centrally located in Newark, close to the Christiana hospital, Christiana mall, I-95, route 1, popular dining, shopping and more! This duplex and the duplex next door (32 Old Baltimore) can be purchased as a package for a total of $650,000. 32 Old Baltimore is being fully renovated to look just like 28 Old Baltimore. Unit B of 28 Old Baltimore is currently rented for $1,600 monthly. The estimated monthly income for both duplexes (all 4 units) is $5,700 with an expected monthly cash flow of $2,000 (this includes principle, interest, taxes and insurance for both properties at 25% down and current interest rates). Current rental and interest rates are to be verified by buyer/lender. Unit A has 1 bedroom and 1.5 bathrooms. Unit B has 2 bedrooms, a large bonus room, and 1.5 bathrooms.
Location
State DE
County New Castle
Area Newark/Glasgow (30905)
Zoning NC5
Interior
Hot Water Other
Heating Other
Cooling Ductless/Mini-Split, Central A/C
Exterior
Water Access N
Building
Foundation Other
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Christina
Others
Special Listing Condition Standard
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Bought with Melody Davis • RE/MAX 1st Choice - Middletown