Multi-Family For Sale > RAUBACHER 106 APARTMENTS-106 S Governors Ave, Dover, DE 19904

RAUBACHER 106 APARTMENTS-106 South Governors Ave, Dover, Kent County, DE 19904

RAUBACHER 106 APARTMENTS FRONT EAST VIEW
RAUBACHER 106 APARTMENTS FRONT EAST VIEW
RAUBACHER 106 APARTMENTS FRONT EAST VIEW
RAUBACHER 106 APARTMENTS AERIAL VIEW
RAUBACHER 106 APARTMENTS TAX MAP AND PARCEL NUMBER
RAUBACHER 106 APARTMENTS MARKET AREA MAP
RAUBACHER 106 APARTMENTS REAR WEST VIEW
RAUBACHER 106 APARTMENTS ZONING MAP

PROPERTY NAME

RAUBACHER 106 APARTMENT PROPERTY

PRICE

$180,000 : $90,000 PER UNIT

ADDRESS

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

PROPERTY TYPE

RESIDENTIAL MUTLI - FAMILY

GROSS INCOME - PGI

$19,740 PER YEAR * $10.34 +/- PER SQ FT

OPERATING EXPENSES

$4,260 PER YEAR * $2.23 +/- PER SQ FT

NET OPERATING INCOME

$38,230 PER YEAR * $8.10 +/- PER SQ FT

YIELD

8.6 % CAP * 9.12 GIM * 109.4 GRM

BUILDING AREA

1,910 +/- SQ FT, TWO FLOORS

COVERAGE RATIO

30 % +/-

LAND AREA

6,342 +/- SQ FT, 0.15 +/- ACRE

LOT FRONTAGE

35.0 +/- FEET

LOT DEPTH

152.0 +/- FEET

ZONING

C-2, CENTRAL COMMERCIAL, CITY OF DOVER

TAX MAP

ED05 - 077.09 – 02 - 40.00

DEED REFERENCE

Y – 42 – 72, X - 38 - 67

SCHOOL DISTRICT

CAPITAL

CITY TAX ASSESSMENT

$141,800 : $74 +/- PSF

CITY TAX RATE

$0.405 / $100

CITY PROPERTY TAX

$575 +/- : $0.30 PSF

COUNTY TAX ASSESSMENT

$17,200 : $9.00 +/- PSF

COUNTY TAX RATE

$2.2464 / $100

COUNTY PROPERTY TAX

$386 +/- : $0.20 +/- PSF

PROPERTY DESCRIPTION : The Raubacher 106 Apartments Property is a two – unit multi – family residential apartment investment property, with one unit on each of two floors. Each of the apartments has two bedrooms, 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 four cars at the rear of the building. Each unit has its own laundry machines. The 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. The gross income is $19,740, the NOI is $15,480, and tha Cap Rate is 8.6% at the asking price. The GIM is 9.12.

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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