$230,000
$230,000
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401-403 FOURTH ST New Castle, DE 19720
1,150 SqFt
Key Details
Sold Price $230,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,150 sqft
Price per Sqft $200
Subdivision Holloway Terrace
MLS Listing ID DENC2043538
Sold Date 07/13/23
Style Colonial
Abv Grd Liv Area 1,150
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $780
Tax Year 2022
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 60.00 x 100.00
Property Description
Welcome to Holloway Terrace! A quaint and quiet community along the Route 9 corridor just outside the City of Wilmington proper. A mix of existing single detached and new construction structures are sprinkled throughout 11 numbered streets and three named avenues. 401-403 4th St. is a single tax parcel with a twin ranch style structure that consists of two, 2 bedroom and 1 full bathroom units. 401 has been recently renovated to include new flooring, updated kitchen, and bathroom as well as a modern paint scheme. 403 is adorned with hardwood flooring, an open living room to kitchen floor plan, and then two private bedrooms separated by a full bathroom with tile flooring and tub surround. Each unit has separate water meters, gas meters, HVAC units and hot water tanks, allowing for minimal owner and or operating expenses. Each unit has the remaining balance of a 12 month lease, which just started in March of 2023. Hot water tanks are newer and HVAC is being replaced in both units and will include AC as well! Excellent opportunity for aspiring land lord to start a cash flowing portfolio or for the experienced investor to add to an already scaled collection of properties. Rents are at market rate so nothing left to do but adjust where the tenants send their payments to!
Location
State DE
County New Castle
Area New Castle/Red Lion/Del.City (30904)
Zoning NC5
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Hardwood, Laminate Plank, Vinyl
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Roof Type Pitched,Shingle
Accessibility None
Garage N
Building
Lot Description Front Yard, Level, Rear Yard
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
Structure Type Dry Wall,Plaster Walls
New Construction N
Schools
High Schools William Penn
School District Colonial
Others
Tax ID 10-011.30-015
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Financing Cash,Conventional,Private
Special Listing Condition Standard
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Bought with Manthan Shah • Century 21 Gold Key Realty