28 S Old Baltimore Pike, Newark, DE 19702
- $340,000
- 1,700
- SqFt
- Sold Price
- $340,000
- List Price
- $330,000
- Closing Date
- Sep 16, 2024
- Days on Market
- 10
- Status
- CLOSED
- MLS#
- DENC2064722
- Living Area
- 1,700
- Lot Size (Acres)
- 0.14
- Style
- Colonial
- Year Built
- 1866
- County
- New Castle
- School District
- Christina
Property Description
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.
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Additional Information
- Area
- Newark/Glasgow (30905)
- Taxes
- $723
- School District
- Christina
- Heating
- Other
- Heating Fuel
- Other
- Cooling
- Ductless/Mini-Split, Central A/C
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
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Listing courtesy of Crown Homes Real Estate. Contact:
Selling Office: .