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3 S Market Street, Frederica, DE 19946
$187,000
3 S Market Street, Frederica, DE 19946View this property at 3 S Market Street, Frederica, DE 19946
3 S Market StreetFredericaDE19946
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Property Description
This is a commercially zoned 3 unit apartment building in downtown Frederica. All 3 units are 2 bedroom/1bath units. All three are currently rented on a month to month lease with an estimated rental potential of 30K or more per year. Owner pays water and sewer for all units. Tenants pay all remaining utilities. This property is zoned commercial although it is currently used as a residential property. The town of Frederica is transitioning into a desirable location for new business and rental potential.
Full Property Details
Full Property Details for 3 S Market St
General
- Sold For: $187,000
- Taxes: $676 (2021)
- Status: Closed
- Type: Triplex
- MLS ID: DEKT2004760
- Added to Site: 897 day(s) ago
Interior
- Number of Rooms: 12
Parking
- Parking Type: On Street
Location
- Area: Lake Forest (30804)
- County: Kent
- Building Name: NONE AVAILABLE
- Driving Directions: GPS
- City Limits: Yes
School Information
- School District: Lake Forest
Heating & Cooling
- Cooling Type: Wall Unit
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Other
- Construction: Brick
- Stories/Levels: 0
- Square Feet: 2,291
- Sq. Ft. Source: Estimated
- Living Area: 2,291 Sq. Ft.
- Finished Above Grnd: 2,291 Sq. Ft.
- Year Built: 1945
- Year Built Source: Estimated
Unit Information
- Other Units: Unit 1, Unit 2, Unit 3
- 2 Bedroom Units: 3
Unit 1
- Unit Description: Unit 1
- Bedrooms: 2
Unit 2
- Unit Description: Unit 2
- Bedrooms: 2
Unit 3
- Unit Description: Unit 3
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.05
- Lot Size (Sq. Ft.): 2,178
- Lot Size Source: Assessor
- Lot Dimensions: 36.88 x 55.09
- Zoning: NA
Financial Considerations
- Price Per Sq. Ft.: $98.21
- Assessment Year: 2021
- School Tax: $346
- City/TownTax: $261
- City/TownTax Freq: Annually
- County Tax: $70
- County Tax Freq: Annually
- Tax w/Assessment: $20,900
- Tax Amount: $676
- Tax Year: 2021
- Terms: Standard Sale
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Lot Number: 1600-000
Listed and Sold by Myers Realty, Eric L Buckson
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Schools
Schools serving 3 S Market St
School District:Lake Forest School District
Rating | Name | Grades | Distance |
---|---|---|---|
124 W Front St, Frederica, DE 19946 | K-4 | 0.4 mi | |
5424 Killens Pond Rd, Felton, DE 19943 | 4-5 | 4.9 mi | |
5407 Killens Pond Rd, Felton, DE 19943 | 8-12 | 4.9 mi | |
101 W Center St, Harrington, DE 19952 | 6-8 | 8.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3 S Market St
Date
Details
Price
Change
Source
3/24/2022
Sold
$187,000
-16.89%
MLS
11/24/2021
Listed
$225,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3 S Market Street, Frederica, DE 19946 (MLS# DEKT2004760) is a Triplex property that was sold at $187,000 on March 24, 2022. Want to learn more about 3 S Market Street? Do you have questions about finding other Triplex real estate for sale in Frederica? You can browse all Frederica real estate or contact a Coldwell Banker agent to request more information.