4 units. 1 retail. 3 apartments. Building is 100% leased up and occupied. Ground floor is a barber shop. "House of Cuts" 3 1/1 apartments above. Each unit is separately metered. Tenants pay for own utilities. 80k of renovations want into the building within past 2 years to include a new roof, stucco, hot water heaters, flooring. Building qualifies for additional grants through the historic district of Town of Smyrna. All permits and inspections completed. Building is bringing $3,750.00 in rent. These rents are below market by about 25%. Leases expire in January. There is a value-add opportunity as there is an unused laundry area that can easily be restored to increase the value of the property.Contact listing agent for a showing.
| MLS # | DEKT2047392 |
|---|---|
| Listing Type | For Sale |
| Building Name | None Available |
| Sub-Type | Resale |
| Status | Pending-bright |
| Year | 1900 |
| Days On Site | 97 |
| Listing Provided By | Crown Homes Real Estate | Nicholas Greif |
| SQ Feet | 4,704 |
|---|---|
| Units | 4 |
| Zoning | C-C |
| Acreage | 0.05 |
| Cooling | Central A/C |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
| Construction Materials | Brick |
|---|
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 1767 |
|---|
| State | DE |
|---|---|
| County | KENT DE |
| City | SMYRNA |
| Zip Code | 19977 |
| Area | Smyrna (30801) |
| School District | SMYRNA |
| Listing VS Median (in 19977) | |
Price: $395,000 low | high Med: $429,511 sqft: 4,704 low | high Med: 1,878 $ / sqft: $84 low | high Med: $229 On site: 97 low | high Med: 159 | |
| State | DE |
|---|---|
| County | KENT DE |
| City | SMYRNA |
| Zip Code | 19977 |
| Area | Smyrna (30801) |
| School District | SMYRNA |
| Listing VS Median (in 19977) | |
Price: $395,000 low | high Med: $429,511 sqft: 4,704 low | high Med: 1,878 $ / sqft: $84 low | high Med: $229 On site: 97 low | high Med: 159 | |