Multi-Family For Sale > HETTINGER 102 APARTMENTS PROPERTY-102 S Governors Ave, Dover, D2

HETTINGER 102 APARTMENTS PROPERTY-102 S Governors Ave, Dover, DE

HETTINGER 102 APARTMENTS PROPERTY FRONT EAST VIEW
HETTINGER 102 APARTMENTS PROPERTY FRONT EAST VIEW
HETTINGER 102 APARTMENTS PROPERTY FRONT EAST VIEW
HETTINGER 102 APARTMENTS PROPERTY AERIAL VIEW
HETTINGER 102 APARTMENTS PROPERTY REAR WEST VIEW
HETTINGER 102 APARTMENTS PROPERTY SIDE NORTH VIEW
HETTINGER 102 APARTMENTS PROPERTY SIDE SOUTH VIEW

PROPERTY NAME

HETTINGER 102 APARTMENT PROPERTY

PRICE

$285,000 : $71,667 PER UNIT

ADDRESS

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

PROPERTY TYPE

RESIDENTIAL MUTLI - FAMILY

GROSS INCOME - PGI

$31,800 PER YEAR * $13.51 +/- PER SQ FT

OPERATING EXPENSES

$8,817 PER YEAR * $3.75 +/- PER SQ FT

NET OPERATING INCOME

$22,983 PER YEAR * $9.76+/- PER SQ FT

YIELD

8.1 % CAP * 9.1 GIM * 109.6 GRM

BUILDING AREA

2,354 +/- SQ FT, TWO FLOORS

COVERAGE RATIO

34 % +/-

LAND AREA

6,838 +/- Sq Ft, 0.12 +/- ACRE

LOT FRONTAGE

52.0 +/- FEET CORNER

LOT DEPTH

131.5 +/- FEET CORNER

ZONING

C-2, CENTRAL COMMERCIAL, CITY OF DOVER

TAX MAP

ED05 - 077.09 – 02 - 39.00

DEED REFERENCE

D5645 – 172

SCHOOL DISTRICT

CAPITAL

CITY TAX ASSESSMENT

$142,100 : $60 +/- PSF

CITY TAX RATE

$0.405 / $100

CITY PROPERTY TAX

$580 +/- : $0.24 PSF

COUNTY TAX ASSESSMENT

$24,300 : $10.00 +/- PSF

COUNTY TAX RATE

$2.2464 / $100

COUNTY PROPERTY TAX

$550 +/- : $0.23 +/- PSF

PROPERTY DESCRIPTION : The Hettinger 102 Apartments Property is a four – unit multi – family residential apartment investment property, with two units on each of two 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 paved parking for 2 cars at the rear of the building. Coin-op laundry provides additional income. This corner 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. Can be assembled with 108 South Governors Avenue, a six - unit building.

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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