6 Ashley Drive

    NEW CASTLE, DE 19720
    • $2,450,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: DENC497448
    UPDATED: 36 min ago
    $2,450,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1988
    County:

    School Ratings & Info

    School District:

    Description

    The New Castle Townhouse Portfolio offers a terrific opportunity to own 15 cash flowing and stable townhouse rental units, primarily in Wilton and in Wellington Woods, very popular rental markets in New Castle County, DE. The areas are much sought after by renters, investors, as well as individual homeowners. The unit size appeals to renters and the affordability appeals to homeowners. The collection of units boasts a long and very impressive history of high occupancy. Though an often very much overused point, even to the point of cliche-ish...rents are, in fact, below market. Continued favorable financing environment, along with the strength in rental markets, and the desirable unit size, all combine to make this a terrific opportunity indeed. Sale of individual units will be considered, as will interest in any combination of multiple units.

    Monthly Payment Calculator



    ©2020 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 accurate by the MLS or Sunita Bali Team at Re/Max Town Center. 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: 2020-04-06T10:51:01.843.
    www.balihomes-md.com/homes/103993773

    6 Ashley Drive NEW CASTLE, DE 19720

    • Price: $2,450,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: DENC497448
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    1988
    Built
    Neighborhood:
    New Castle/Red Lion/Del.City (30904)
    County:
    New Castle
    Area:
    New Castle/Red Lion/Del.City (30904)
    School District:
    Colonial
    Property Description
    The New Castle Townhouse Portfolio offers a terrific opportunity to own 15 cash flowing and stable townhouse rental units, primarily in Wilton and in Wellington Woods, very popular rental markets in New Castle County, DE. The areas are much sought after by renters, investors, as well as individual homeowners. The unit size appeals to renters and the affordability appeals to homeowners. The collection of units boasts a long and very impressive history of high occupancy. Though an often very much overused point, even to the point of cliche-ish...rents are, in fact, below market. Continued favorable financing environment, along with the strength in rental markets, and the desirable unit size, all combine to make this a terrific opportunity indeed. Sale of individual units will be considered, as will interest in any combination of multiple units.
    Exterior Features

    Construction Materials BrickVinyl SidingAluminum Siding Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 1225.00 Cooling Central A/C Heating Heat Pump(S) Heating YN Yes Net Square Feet 20840.00

    Property Features

    Accessibility Features None Annual Gross Expense 46200.00 Assessment Year 2019 Association Expense 1500.00 Association YN No Business Type Other Central Air YN Yes Cooling Fuel Electric Gross Income 220128.00 Heating Fuel Other Hot Water Electric Insurance Expense 6750.00 Maintenance Expense 10500.00 Navigable Water YN N Net Operating Income 173928.00 New Construction YN No Number Of Units Total 1 Operating Expense 46200.00 Operating Expense Includes AdvertisingInsuranceRepair/MaintenanceOther Original MLSNumber 304054873031 Other Expense 2431.00 Owner Pays InsuranceTaxes - Real Estate Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 1440.00 Tax Assessment Amount 45200.00 Tax Lot 036 Total Actual Rent 231240.00 Vacation Rental YN No Water Source Public Zoning Ncth

    Listing courtesy of Meyer & Meyer Realty.


    ©2020 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 accurate by the MLS or Sunita Bali Team at Re/Max Town Center. 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: 2020-04-06T10:51:01.843.
     
    Sunita Bali Team at Re/Max Town Center
    12505 Park Potomac Ave #220
    Potomac MD, 20854