Multi-Family For Sale > HETTINGER 108 APARTMENTS - 108 South Governors Avenue, Dover, DE

HETTINGER 108 APARTMENTS - 108 South Governors Avenue, Dover, Kent County, DE 19904

HETTINGER 108 APARTMENT PROPERTY FRONT EAST VIEW
HETTINGER 108 APARTMENT PROPERTY FRONT EAST VIEW
HETTINGER 108 APARTMENT PROPERTY FRONT EAST VIEW
HETTINGER 108 APARTMENT PROPERTY AERIAL VIEW
HETTINGER 108 APARTMENT PROPERTY MARKET AREA MAP
HETTINGER 108 APARTMENT PROPERTY TAX MAP
HETTINGER 108 APARTMENT PROPERTY ZONING MAP
HETTINGER 108 APARTMENT PROPERTY REAR WEST VIEW
HETTINGER 108 APARTMENT PROPERTY FRONT EAST VIEW
HETTINGER 108 APARTMENT PROPERTY SIDE NORTH VIEW

PROPERTY NAME

HETTINGER 108 APARTMENT PROPERTY

PRICE

$430,000 : $71,667 PER UNIT

ADDRESS

108 SOUTH GOVERNORS AVENUE, DOVER, KENT COUNTY, DELAWARE 19904

PROPERTY TYPE

RESIDENTIAL MUTLI - FAMILY

GROSS INCOME - PGI

$49,640 PER YEAR * $15.15 +/- PER SQ FT

OPERATING EXPENSES

$11,410 PER YEAR * $3.48 +/- PER SQ FT

NET OPERATING INCOME

$38,230 PER YEAR * $11.67+/- PER SQ FT

YIELD

8.9 % CAP * 8.8 GIM * 105.7 GRM

BUILDING AREA

3,276 +/- SQ FT, THREE FLOORS

COVERAGE RATIO

10 % +/-

LAND AREA

10,920 +/- Sq Ft, 0.25 +/- Acre

LOT FRONTAGE

60.0 +/- Feet

LOT DEPTH

182.0 +/- Feet

ZONING

C-2, CENTRAL COMMERCIAL, CITY OF DOVER

TAX MAP

ED05 - 077.09 – 02 - 41.00

DEED REFERENCE

D5645 – 172

SCHOOL DISTRICT

CAPITAL

CITY TAX ASSESSMENT

$350,400 : $107 +/- PSF

CITY TAX RATE

$0.405 / $100

CITY PROPERTY TAX

$1,420 +/- : $0.43 PSF

COUNTY TAX ASSESSMENT

$17,850 : $5.00 +/- PSF

COUNTY TAX RATE

$2.2549 / $100

COUNTY PROPERTY TAX

$1,825 +/- : $0.12 +/- PSF

PROPERTY DESCRIPTION : The Hettinger 108 Apartments Property is a six – unit multi – family residential apartment investment property, with two units on each of three floors. Each of the apartments has one bedroom, kitchen, bathroom, and living room. All units have separate utilities meters for heat, cooking, and lights. The landlord pays sewer, water, and hot water. There is gravel paved parking for 10 cars at the rear of the building. Income includes coin-op laundry facility in basement. This property is ideally located on South Governors Avenue near Loockerman Street and 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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