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Key Details
Sold Price $630,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1001480016
Sold Date 05/31/17
HOA Y/N N
Originating Board SCAOR
Year Built 2006
Annual Tax Amount $1,568
Lot Size 5,916 Sqft
Acres 0.14
Lot Dimensions 173x33
Property Description
Well established rental package comprised of 6 rental properties in Seaford, DE being offered for $630,000 . All properties are LEAD FREE and all have tenants and leases in place. Average lease term is over 3 years and average vacancy rate of 5.7% Annual gross income of $77,400 with room for rental increases. Units are like new and owners have waiting list of prospective tenants. Best news is this package is being offered with a 9.6% CAP rate (after all expenses including debt load) - well beyond the average 8% CAP rates you see offered with most rental packages. Serious seller has total of 21 properties for sale. Contact listing agent for more information.
Location
State DE
County Sussex
Area Seaford Hundred (31013)
Zoning TOWN
Interior
Heating Heat Pump(s)
Cooling Central A/C
Flooring Carpet, Vinyl
Fireplace N
Exterior
Water Access N
Roof Type Architectural Shingle
Street Surface Paved
Accessibility 2+ Access Exits
Road Frontage Boro/Township
Garage N
Building
Story 3
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Seaford
Others
Tax ID 531-10.00-478.00
Ownership Fee Simple
SqFt Source Estimated
Security Features Smoke Detector
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Chris Jett • Vantage Resort Realty-52
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