sold > VICTORIAN APARTMENTS MILFORD DUPLEXES - 701 South DuPont Highwa

VICTORIAN APARTMENTS MILFORD DUPLEXES - 701 South DuPont Highway, Milford, Sussex Xounty, DE 19963

DuPONT HIGHWAY DUPLEX
DuPONT HIGHWAY DUPLEX
DuPONT HIGHWAY DUPLEX
SEABURY AVENUE DUPLEX
AERIAL VIEW OF MILFORD DUPLEXES
VIEW OF VICTORIAN APARTMENTS PROPERTY THROUGH INTERSECTION
TAX MAP OF MILFORD DUPLEXES
MILFORD DUPLEXES MARKET MAP

PROPERTY NAME

VICTORIAN APARTMENTS MILFORD DUPLEXES

PRICE

$224,900 : $56,225 +/- PER UNIT

ADDRESS

701 SOUTH DuPONT HWY, MILFORD, SUSSEX COUNTY, DELAWARE 19963

PROPERTY TYPE

RESIDENTIAL MULTI – FAMILY APTS

GROSS INCOME

$30,800 PER YEAR * $7,695 PER UNIT

OPERATING EXPENSES

$8,700 PER YEAR * $2,190 PER UNIT

NET OPERATING INCOME

$22,100 PER YEAR * $5,525 PER UNIT

YIELD

10 % CAP * 7.3 GIM * 87.7 GRM

BUILDING AREA

3,355 +/- SQ FT BOTH BUILDINGS

COVERAGE RATIO

13.3 % +/-

LAND AREA

25,221 +/- SQ FT, 0.58 +/- ACRE

LOT FRONTAGE

267 +/- FEET COMBINED PARCELS

LOT DEPTH

235 +/- FEET

ZONING

R1, RESIDENTIAL, CITY OF MILFORD

TAX MAP

1-30-3.11-59.00 & 1-30-3.11-59.01

DEED REFERENCE

D3218 - 315

SCHOOL DISTRICT

MILFORD

CITY TAX ASSESSMENT

$206,900 : $51,725 +/- PER UNIT

CITY TAX RATE

$0.46 / $100

CITY PROPERTY TAX

$955 +/-

COUNTY TAX ASSESSMENT

$20,150 : $5,038 +/- PER UNIT

COUNTY TAX RATE

$4.1920 / $100

COUNTY PROPERTY TAX

$850 +/-

PROPERTY DESCRIPTION : This Multi – Family Residential Investment Unit Has Two Each Two – Story Dwellings Which Have Been Converted To Apartments. Each Dwelling Has An Upper Unit And A Lower Unit. The Tenants Pay Separate Utilities. The Property Is In Two Separate Tax Parcels To Offer Further Flexibility. The Location Is Ideal At The Corner Of U S Route 113, South DuPont Hwy, And Seabury Avenue. A Future Commercial Zoning District Is Anticipated.

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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