$375,000
$400,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
100 E MARKET ST Newport, DE 19804
6,500 SqFt
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $57
Subdivision None Available
MLS Listing ID 1000059866
Style Other
Year Built 1864
Annual Tax Amount $2,192
Tax Year 2016
Lot Size 0.379 Acres
Property Description
This is an extraordinary opportunity to own a commerical corner property and a piece of history -- The Newport National Bank built in 1864; a 2 1/2 story, 5 bay, 3 bay solid brick building with gable roof. Renovated in 1927 in the Colonial Revival style, this quadraplex has been well maintained and easily leased. All four roomy units have the same floor plan: 2 bedrooms, 1 full bath, living room, dining room, kitchen with pantry, a total of 1300 square feet of living space and additional rear entrances with individual 12' x 20' porches. All four porches were replaced in 2014 with "no maintenance composite". There is plenty of parking in rear lot and a 4 car detached garage that rents separately from units. The property is fenced. Each unit has individual gas heaters (replaced in 2003), and individual electric breaker boxes (tenants are responsible for their own utility costs). Rear sloped roof replaced in 2016. This is truly a unique offering with super income potential and will not last long. Also listed under Commercial MLS #6933322
Location
State DE
County New Castle
Area Elsmere/Newport/Pike Creek (30903)
Zoning 20GB
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Heating Gas, Radiator
Cooling Wall Unit
Flooring Wood, Tile/Brick
Laundry None
Exterior
Garage Spaces 4.0
Fence Other
Water Access N
Roof Type Pitched,Shingle
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Red Clay Consolidated
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with Anne F Panico • Patterson-Schwartz-Hockessin