sold > 27 West Loockerman Street - Dover, DE 19901

27 West Loockerman Street - Dover, DE 19901

RAUBACHER 27 WEST LOOCKERMAN ST PROPERTY FRONT SOUTH VIEW
RAUBACHER 27 WEST LOOCKERMAN ST PROPERTY FRONT SOUTH VIEW
RAUBACHER 27 WEST LOOCKERMAN ST PROPERTY FRONT SOUTH VIEW
RAUBACHER 27 WEST LOOCKERMAN ST PROPERTY AERIAL VIEW
RAUBACHER 27 WEST LOOCKERMAN ST PROPERTY MARKET MAP
RAUBACHER 27 WEST LOOCKERMAN ST PROPERTY REAR NORTH VIEW
RAUBACHER 27 WEST LOOCKERMAN ST PROPERTY TAX MAP
RAUBACHER 27 WEST LOOCKERMAN ST PROPERTY ZONING MAP

 

PROPERTY NAME
RAUBACHER 27 W LOOCKERMAN PROPERTY
PRICE
$399,000 : $85 +/- PSF
ADDRESS
27 WEST LOOCKERMAN ST, DOVER, KENT COUNTY, DELAWARE 19904
PROPERTY TYPE
COMMERCIAL & APARTMENTS MIXED USE
GROSS INCOME - PGI
$51,660 PER YEAR * $11.02 +/- PER SQ FT
OPERATING EXPENSES
$7,549 PER YEAR * $1.59 +/- PER SQ FT
NET OPERATING INCOME
$44,201 PER YEAR * $8.91 +/- PER SQ FT
YIELD
11.1 % CAP * 7.86 GIM * 94.33 GRM
BUILDING AREA
4,686 +/- SQ FT, THREE FLOORS
COVERAGE RATIO
213 % +/-
LANDAREA
2,205 +/- Sq Ft, 0.05 +/- Acre
LOT FRONTAGE
23.6 +/- Feet
LOT DEPTH
103.3 +/- Feet
ZONING
C-2, CENTRAL COMMERCIAL, CITY OF DOVER
TAX MAP
ED05 - 077.09 – 02 - 37.00
DEED REFERENCE
D504 - 267
SCHOOL DISTRICT
CAPITAL
CITY TAX ASSESSMENT
$307,700 : $65.66 +/- PSF
CITY TAX RATE
$0.401 / $100
CITY PROPERTY TAX
$1,240 +/- : $0.26 PSF
COUNTY TAX ASSESSMENT
$54,300 : $11.59 +/- PSF
COUNTY TAX RATE
$2.3462 / $100
COUNTYPROPERTY TAX
$1,274 +/- : $0.27 +/- PSF

PROPERTY DESCRIPTION : This Mixed – Use Investment Property Has A Newly Remodeled Retail Space On The Ground Floor With A Five Year Lease Terminating In July 2018, And Four Apartment Units On The Second And Third Floors, All Fully Occupied, Each With Two Bedrooms, Kitchen, Bathroom, And Living Room. All Five Units Have Separate Utilities Meters Except Sewer And Water. The Commercial Portion Has Rear Access At Grade. This Property Is Ideally Located On Loockerman Street Near State Street. The Building Is One Of The Finest Quality Buildings In The Downtown District.

ALL INFORMATION SUBMITTED SUBJECT TO ERRORS AND MODIFICATIONS. ALL INFORMATION CONTAINED HEREIN OBTAINED FROM RELIABLE SOURCES BUT NOT GUARANTEED. PROSPECTIVE PURCHASERS SHOULD VERIFY ALL INFORMATION SUBMITTED. LISTING BROKERAGE REPRESENTS SELLER.

 
Phil McGinnis, CCIM, ACoM, ALC, e-PRO
 
Office :
(302) 736 - 1538
Cell :
(302) 270 - 0656
Fax :
(302) 736 - 2715
Email:

 

555 East Loockerman St. Dover, Delaware 19901 • Phone:302.736.2710 Fax: 302.736.2715
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