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102 LORE AVE Wilmington, DE 19809
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Key Details
Sold Price $250,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 4,091 sqft
Price per Sqft $61
Subdivision Hillcrest
MLS Listing ID 1003959421
Sold Date 05/31/17
Style Other
HOA Y/N N
Abv Grd Liv Area 4,091
Originating Board TREND
Year Built 1930
Annual Tax Amount $2,143
Tax Year 2016
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 87X180
Property Description
Incredible opportunity to own a 5 unit income property near the popular and historic town of Bellefonte! This solid brick, 3 story building sits an a large well manicured property with a detached garage. Each unit features 1 bedroom, 1 bathroom, a living room, and a kitchen. Hardwood floors throughout, off street parking, and a convenient location make this a great investment opportunity. Building needs some TLC to bring it back to it's glory. Potential annual income of $42,900 if all units rented at $700/month and garage rented at $75/month. Expenses disclosed are based on actual figures from 2014 and 2015 when 3 units were occupied the majority of the time, with an additional $1000 added to 'other expenses' to account for the additional electricity and water that would be used if all units were occupied. ('Other expenses' include: $306 for trash/recycle; $1,091 for grass cutting; $1,000 for estimated additional gas/electric/water if all units were occupied). Current utility setup is 1 heater/thermostat and 1 electric meter for entire building. Buyer to confirm all financial figures before proceeding.
Location
State DE
County New Castle
Area Brandywine (30901)
Zoning NC6.5
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished, Outside Entrance
Interior
Hot Water Natural Gas
Heating Gas, Radiator
Cooling None
Flooring Wood
Fireplace N
Heat Source Natural Gas
Laundry None
Exterior
Garage Spaces 6.0
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Total Parking Spaces 6
Garage Y
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
Elementary Schools Mount Pleasant
Middle Schools Dupont
High Schools Mount Pleasant
School District Brandywine
Others
Tax ID 06-139.00-301
Ownership Fee Simple
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Bought with Robert C Stigler • Keller Williams Realty Wilmington