RESIDENTIAL INVESTMENT PROPERTIES FOR SALE > LAZER CO LLC DUPLEX - 7-9 Purnell Ave, Frederica, Kent, DE 19946

LAZER CO LLC DUPLEX - 7-9 Purnell Avenue, Frederica, Kent County, DE 19946

LAZER LLC DUPLEX FRONT EAST VIEW
LAZER LLC DUPLEX FRONT EAST VIEW
LAZER LLC DUPLEX FRONT EAST VIEW
LAZER LLC DUPLEX AERIAL VIEW
LAZER LLC DUPLEX MARKET AREA MAP
LAZER LLC DUPLEX TAX MAP
LAZER LLC DUPLEX BUILDING PERIMETER
LAZER LLC DUPLEX REAR WEST VIEW
LAZER LLC DUPLEX SIDE NORTH VIEW
LAZER LLC DUPLEX SIDE SOUTH VIEW
LAZER LLC DUPLEX TOWN ZONING MAP

PROPERTY NAME

KOCH LAZER DUPLEX PROPERTY

PRICE

$120,000 * $60,000 PER UNIT

ADDRESS

7 - 9 PURNELL AVENUE, FREDERICA

KENT COUNTY, DELAWARE 19946

PROPERTY TYPE

MULTI-FAMILY RESIDENTIAL PROPERTY

ALTERNATIVE USES

NONE

BUILDING AREA

1,352 +/- SQ FT * 676 +/- SF PER UNIT

PARKING

ON – SITE PARKING AVAILABLE

ZONING

R4, MANUFACTURED HOUSING,
TOWN OF FREDERICA

TAX MAP

SM08 – 141.06 - 04 – 21.00 - 00001

SCHOOL DISTRICT

LAKE FOREST

7 PURNELL APARTMENT 1

TWO BR, FOUR ROOMS, ONE BATH
CURRENTLY RENTS $800 / MO + UTILITIES
SEPARATE ELECTRIC, GAS METERS
LANDLORD PAYS SEWER AND WATER

7 PURNELL APARTMENT 2

TWO BR, FOUR ROOMS, ONE BATH
CURRENTLY RENTS $800 / MO + UTILITIES
SEPARATE ELECTRIC, GAS METERS
LANDLORD PAYS SEWER AND WATER

SCHEDULED INCOME

$19,200

GIM

6.25

SCHEDULED EXPENSES

$12,600

CAP RATE

10.5%

CITY TAX ASSESSMENT

$15,500 * $7,750 +/- PER UNIT

CITY TAX RATE

$1.25 / $100

CITY PROPERTY TAXES

$200 +/- * $100 +/- PER UNIT

COUNTY TAX ASSESSMENT

$15,500 * $7,750 +/- PER UNIT

COUNTY TAX RATE

$2.0411 / $100

COUNTY PROPERTY TAXES

$350 +/- * $175 +/- PER UNIT

PROPERTY DESCRIPTION : This residential duplex property is located on Purnell Avenue in Frederica, Kent County, Delaware. The building is approximately 1,352 square feet total, and each unit is 676 sq ft. Each unit has four rooms, two bedrooms, a kitchen, living room, and bathroom. There are separate electric meters, separate propane gas tanks, and separate water and sewer meters, and each unit requires window air conditioning units. Each unit is currently rented for $800 per month plus utilities, although the landlord pays sewer and water. The leases are month – to – month, which can be converted to annual leases. The building has been completely remodeled in the last four years. The property has off – street parking.

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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