Address
15 Benny Street, Newark, DE
Price
$ 1,000,000
Property Attributes
- MLS#DENC2056510
- TypePending
- CountyNEW CASTLE
- CityNewark
- AreaNewark-Glasgow
- Zip19711
- StyleApartment Building
- Year Built1960
- Taxes$ 5235
- Price$ 1,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4496
- Lot Size11,761 SqFt
Data Source:
Bright MLS
Property Description
This 5-unit apartment building presents a rare investment opportunity within walking distance of the University of Delaware's main campus. The scarcity of available properties in this prime location enhances its appeal. Four out of the five units are currently rented below market rates, providing potential for increased income. Each unit is equipped with essential amenities including a living room, kitchen, full bathroom, and a bedroom. The tenants are responsible for separate electric bills, except for unit #5 while the owner covers the costs of heat and hot water. The property holds significant development potential, especially given the recent trend of tearing down houses on the block to make way for high-end, multi-bedroom student rentals. The strategic location and evolving landscape make this property a promising investment. Showings are scheduled for Saturday, 02/24/2024, between 1 and 3, respecting the current tenants' preferences to minimize disturbance. Interested parties should seize this opportunity to explore the property and its potential.
| Price History | |
|---|---|
| 2/19/2024 | Listed $1,000,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water |
| Cooling | None |
| Possession | Negotiable |
| Zoning | 18RD |
| Construction Materials | Brick |
| Year Built | 1960 |
| Property SubType | Five Or More Units |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| OwnerPays | Common Area Maintenance,Gas,Heat,Lawn/Shrub Care,Sewer,Snow Removal,Taxes - Real Estate,Water |
| Business Type | Apartment Building |
| Accessibility | None |
| County | NEW CASTLE |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | PENDING |
| Directions | GPS |
| ModificationTimestamp | 2024-03-02T09:24:34 |
| City | NEWARK |
| Buyer Agent Compensation | 2.5 |
| Total Units | 5 |
| MLS Area | Newark/Glasgow (30905) |
| Lot Size Square Feet | 11761.00 |
| Tax Assessed Value | 120300.0 |
| Waterfront Y/N | No |
| Street Name | BENNY |
| Tax Annual Amount | 5235.0 |
| Property Condition | Average |
| Price Per Sq Ft | 222.42 |
| Vacation Rental Y/N | No |
| Days on Market | 13 |
| Standard Status | Pending |
| Year Built Source | Assessor |
| Legal Subdivision | RUPP FARM |
| Tax Lot | 118 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking Spaces | 6 |
| Type of Parking | Parking Lot |
| Water View Y/N | No |
| Building Area Total | 4496.00 |
| Lot Dimensions | 100.00 x 116.70 |
| Lot Size Acres | 0.27 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 9900.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 6 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 19711
Price
Taxes
Visits
Year Built
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