Multi-Family For Sale > GARCIA 225 CECIL APT PROPERTY-225 Cecil St, Dover, Kent, DE

GARCIA 225 CECIL APARTMENT PROPERTY-225 Cecil Street, Dover, Kent County, DE 19904

GARCIA 225 CECIL APARTMENTS FRONT SOUTH VIEW
GARCIA 225 CECIL APARTMENTS FRONT SOUTH VIEW
GARCIA 225 CECIL APARTMENTS FRONT SOUTH VIEW
GARCIA 225 CECIL APARTMENTS AERIAL VIEW
GARCIA 225 CECIL APARTMENTS TAX MAP
GARCIA 225 CECIL APARTMENTS MARKET AREA MAP
GARCIA 225 CECIL APARTMENTS SIDE FRONT EAST VIEW
GARCIA 225 CECIL APARTMENTS SIDE WEST VIEW
GARCIA 225 CECIL APARTMENTS SIDE EAST VIEW
GARCIA 225 CECIL APARTMENTS SIDE MIDDLE EAST VIEW
GARCIA 225 CECIL APARTMENTS REAR NORTH VIEW

PROPERTY NAME

GARCIA 225 CECIL APARTMENT PROPERTY

PRICE

$225,000 : $75,000 PER UNIT * 8.24 GRM

ADDRESS

225 CECIL STREET
DOVER, KENT COUNTY, DELAWARE 19904

PROPERTY TYPE

RESIDENTIAL MUTLI - FAMILY

GROSS INCOME - PGI

$27,300 PER YEAR * $11.60 +/- PER SQ FT

OPERATING EXPENSES

$6,493 PER YEAR * $2.76 +/- PER SQ FT

NET OPERATING INCOME

$20,807 PER YEAR * $8.84 +/- PER SQ FT

YIELD

9.25 % CAP * 8.24 GIM * 98.9 GRM

BUILDING AREA

2,354 +/- SQ FT, TWO FLOORS

COVERAGE RATIO

52 % +/-

LAND AREA

4,500 +/- Sq Ft, 0.10 +/- ACRE

LOT FRONTAGE

50.0 +/- Feet

LOT DEPTH

90.0 +/- Feet

ZONING

RG-1, GROUP RESIDENTIAL, CITY OF DOVER

TAX MAP

ED05 - 077.08 – 02 - 55.00 - 00001

DEED REFERENCE

D3326 – 023

SCHOOL DISTRICT

CAPITAL

CITY TAX ASSESSMENT

$90,200 : $38 +/- PSF

CITY TAX RATE

$0.405 / $100

CITY PROPERTY TAX

$370 +/- : $0.16 PSF

COUNTY TAX ASSESSMENT

$22,600 : $10.00 +/- PSF

COUNTY TAX RATE

$2.2848 / $100

COUNTY PROPERTY TAX

$520 +/- : $0.22 +/- PSF

 

PROPERTY DESCRIPTION : The Garcia Plus Properties 225 Cecil Apartments Property is a three – unit multi – family residential apartment investment property, with two units on the ground floor, and one unit on the second floor. Two units have two bedrooms, kitchen, bathroom, and living room, and the third unit has one bedroom. All units have separate utilities meters for heat, cooking, and lights. The landlord pays sewer, and water. The hot water is separate. This property is ideally located on Cecil Street near North Governors Avenue and Wesley College, and near Downtown Dover, with easy access to all parts of the State and the region.

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, GAA, ACoM, ALC, e-PRO

 

Office :

(302) 736 - 1538

Cell :

(302) 270 - 0656

Fax :

(302) 736 - 2715

Email:

pjm@mcginnisrealty.com

 

 

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