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$570,000
55 New London Ave, Newark, DE 19711
3 Beds
1 Baths
975 sqft

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This listing is part of a ten-property portfolio that has consistently performed for more than 2 decades. This property is zoned for (4) unrelated tenants close to the University of Delaware. This is an extremely desirable investment location near The Deer Park Tavern, basically an extension of Main Street and walkable to the campus. For the right offer seller will consider breaking up the portfolio. Price determined based on income history. (7 Cap) This is a portfolio that includes the following MLS listings: DENC527540; DENC527564; DENC527572; DENC527574; DENC527576; DENC527580; DENC527576; DENC527598; DENC527600; DENC527610. Buy this complete investment portfolio for only $4,779,671.00
  • Price:
  • $570,000
  • Bedrooms:
  • 3
  • Full Baths:
  • 1
  • Square Footage:
  • 975
  • Acreage:
  • 0.10
  • Year Built:
  • 1920
  • Listing ID #:
  • DENC527610
  • Street Address:
  • 55 New London Ave
  • City:
  • Newark
  • State:
  • Delaware
  • Postal Code:
  • 19711
  • County:
  • New Castle
  • Community:
  • Newark/Glasgow (30905)
  • Subdivision:
  • Newark
  • Listing Status:
  • Active
  • Listing Type:
  • Townhouse
  • Basement Type:
  • Full
  • Dwelling Type:
  • End Of Row/Townhouse
  • Finished Above Ground Square Footage:
  • 975
  • Finished Square Feet:
  • 975
  • Has Basement:
  • Yes
  • Other Buildings:
  • Above Grade, Below Grade
  • Square Footage Source:
  • Assessor
  • Stories:
  • 3
  • Total Building Square Footage:
  • 975
  • Year Built:
  • 1920
  • Year Built Source:
  • Assessor
  • Approximate Lot Size Range Source:
  • Assessor
  • Conforms To Zoning:
  • 18rm
  • Lot Description:
  • 25.40 X 192.10
  • Lot Square Footage:
  • 4356.00
  • Days On Market:
  • 115
  • On Market Date:
  • 2021-05-28
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • In City Limits:
  • Yes
  • Subdivision:
  • Newark
  • City Taxes:
  • 141.00
  • County Taxes:
  • 50.00
  • Price Per Square Foot:
  • 584.62
  • Property Taxes:
  • $775
  • Tax Year:
  • 2021
  • Full Bathrooms On Upper Level:
  • 1
  • Parking Spaces:
  • 2
  • Parking Type:
  • Off Street
  • Pool Description:
  • No Pool
  • Existing Water:
  • Public
  • Heating:
  • Forced Air
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Public Sewer
  • Water Heater:
  • Natural Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Exp Realty
  • © 2021 BRIGHT, All Rights Reserved BRIGHT

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