34-36 Corbit Street

    NEWARK, DE 19711
    • $350,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: DENC416848
    UPDATED: 44 min ago
    $350,000
    • 4
      BEDS
    • 0.11
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,525
      SQFT
    • $230
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    School District:

    Description

    Rarely available duplex within walking distance to the University of Delaware. This unique property is right in the middle of the redevelopment area between Main St and Corbit St. This property is being sold to be redeveloped. Property has 2 permits for 4 non related persons, it don't get any better than that. The buyer we are looking for will remodel the current 2 two bedroom 1 bath units into 2 4 bedroom 2 bath units. When project is complete market price for the duplex would be aproximately $650,000 and the rents in the area are at least $600.00 per month per person so a minimum of $4800.00 per month or $57,600 annual income. Wow!!! Somebody is going to be making some money here. Please feel free to call listing agent with questions and or ideas.

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-03-26T00:11:14.02.
    www.easternshorehomesolutions.com/homes/92247564

    34-36 Corbit Street NEWARK, DE 19711

    • Price: $350,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: DENC416848
    4
    Beds
    2
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,525
    SQFT
    $230
    $/SQFT
    1930
    Built
    Neighborhood:
    Newark/Glasgow (30905)
    County:
    New Castle
    Area:
    Newark/Glasgow (30905)
    School District:
    Christina
    Property Description
    Rarely available duplex within walking distance to the University of Delaware. This unique property is right in the middle of the redevelopment area between Main St and Corbit St. This property is being sold to be redeveloped. Property has 2 permits for 4 non related persons, it don't get any better than that. The buyer we are looking for will remodel the current 2 two bedroom 1 bath units into 2 4 bedroom 2 bath units. When project is complete market price for the duplex would be aproximately $650,000 and the rents in the area are at least $600.00 per month per person so a minimum of $4800.00 per month or $57,600 annual income. Wow!!! Somebody is going to be making some money here. Please feel free to call listing agent with questions and or ideas.
    Exterior Features

    Architectural Style Side-By-Side Construction Materials Shingle Siding Garage YN No Other Structures Above GradeBelow Grade Parking Types Driveway Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 1525 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 1525.00 Cooling None Fireplace YN No Fireplaces Total 0 Heating Space Heater Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 2

    Property Features

    Acceptable Financing Cash Accessibility Features None Assessment Year 2018 Association YN No Central Air YN No Cooling Fuel None Cross Street Wilson St Heating Fuel Natural Gas Hot Water Natural Gas Incorporated City Name Newark City Insurance Expense 2500.00 Maintenance Expense 3000.00 Navigable Water YN N New Construction YN No Number Of Units Leased 0 Number Of Units Total 2 Number Of Units Vacant 2 Original MLSNumber 301493885573 Ownership Interest Fee Simple Possession Immediate Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 1093.0 Tax Assessment Amount 29600.0 Tax Lot 087 Total Actual Rent 57600.00 Vacation Rental YN No Water Source Public Zoning 18RD

    Listing courtesy of Bhhs Fox & Roach-Newark.
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-03-26T00:11:14.02.
     
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