$ 340,000 $ 330,000 3.0%

28 S OLD BALTIMORE PIKE

Newark, DE 19702

  • 1,700 SqFt
  • 6,098 Lot Size
  • 1866 Year Built
Here's an amazing opportunity to own a fully renovated turn key multi-family property. This multi-family property is located centrally located in Newark, close to the Christiana hospital, Christiana mall, I-95, route 1, popular dining, shopping and more! This duplex and the duplex next door (32 Old Baltimore) can be purchased as a package for a total of $650,000. 32 Old Baltimore is being fully renovated to look just like 28 Old Baltimore. Unit B of 28 Old Baltimore is currently rented for $1,600 monthly. The estimated monthly income for both duplexes (all 4 units) is $5,700 with an expected monthly cash flow of $2,000 (this includes principle, interest, taxes and insurance for both properties at 25% down and current interest rates). Current rental and interest rates are to be verified by buyer/lender. Unit A has 1 bedroom and 1.5 bathrooms. Unit B has 2 bedrooms, a large bonus room, and 1.5 bathrooms.
Listed by Crown Homes Real Estate , Sold By RE/MAX 1st Choice - Middletown

PROPERTY DETAIL

  • Key Details

    Sold Price $340,000

    Property Type Multi-Family

    Sub Type Detached

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 1, 700 sqft

    Price per Sqft $200

    MLS Listing ID DENC2064722

    Sold Date 09/16/24

    Style Colonial

    Abv Grd Liv Area 1,700

    Year Built 1866

    Available Date 2024-07-15

    Annual Tax Amount $723

    Tax Year 2022

    Lot Size 6,098 Sqft

    Acres 0.14

    Lot Dimensions 110.40 x 52.09

    Property Sub-Type Detached

    Source BRIGHT

  • Location

    State DE

    County New Castle

    Area Newark/Glasgow (30905)

    Zoning NC5

  • Rooms

    Basement Full

  • Building

    Foundation Other

    Above Ground Finished SqFt 1700

    Sewer Public Sewer

    Water Public

    Architectural Style Colonial

    Additional Building Above Grade, Below Grade

    New Construction N

  • Interior

    Hot Water Other

    Heating Other

    Cooling Ductless/Mini-Split, Central A/C

    Fireplace N

    Heat Source Other

  • Exterior

    Water Access N

    Accessibility None

    Garage N

  • Schools

    School District Christina

  • Others

    Tax ID 09-030.30-241

    Ownership Fee Simple

    SqFt Source 1700

    Special Listing Condition Standard

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