$528,000
$575,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
1,372 Sqft Lot
SOLD DATE : 05/18/2016
Key Details
Sold Price $528,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Trolley Square
MLS Listing ID 1003949005
Sold Date 05/18/16
HOA Y/N N
Originating Board TREND
Year Built 1978
Annual Tax Amount $3,612
Tax Year 2015
Lot Size 1,372 Sqft
Acres 0.03
Lot Dimensions 21X49
Property Description
Turn-key Investment Opportunity in highly desirable Trolley Square. 4,116 SF Three Unit Mixed-Use Property. Street Level Retail, Second Floor Office & Top Floor Residential Apartment. 34 Trolley Square is a 100% Occupied Mixed-Use Investment Property in the popular neighborhood of Trolley Square, located in North Wilmington, Delaware. The area is considered a downtown for shopping, dining and nightlife. Real Estate rarely hits the market here; therefore, it's highly sought after when it does. This fully stabilized asset can be purchased for a desirable return now with upside potential over the next few years. Two successful commercial tenants and a long term residential tenant provide a secure investment. 11,357 VPD traffic count plus plenty of foot traffic as it's surrounded by stores and restaurants. True & accurate NOI of $42,898 including reserves, vacancies, fees, etc.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26C-1
Rooms
Other Rooms Primary Bedroom
Interior
Fireplace N
Exterior
Water Access N
Garage N
Building
New Construction N
Schools
School District Brandywine
Others
Tax ID 26-013.40-079.U.0034
Ownership Condominium
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Bought with Susan Amato • Amato & Associates
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