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$900,000

  • Sold
  • Closed
  • Apartment
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This 5-unit apartment building presents a rare investment opportunity within walking distance of the University of Delaware's main campus. The scarcity of available properties in this prime location enhances its appeal. Four out of the five units are currently rented below market rates, providing potential for increased income. Each unit is equipped with essential amenities including a living room, kitchen, full bathroom, and a bedroom. The tenants are responsible for separate electric bills, except for unit #5 while the owner covers the costs of heat and hot water. The property holds significant development potential, especially given the recent trend of tearing down houses on the block to make way for high-end, multi-bedroom student rentals. The strategic location and evolving landscape make this property a promising investment. Showings are scheduled for Saturday, 02/24/2024, between 1 and 3, respecting the current tenants' preferences to minimize disturbance. Interested parties should seize this opportunity to explore the property and its potential.

Full Property Details for 15 Benny St

General

  • Sold For: $900,000
  • Taxes: $5,235 (2022)
  • Status: Closed
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: DENC2056510
  • Added to Site: 749 day(s) ago

Business

  • Business Type: Apartment Building

Parking

  • Total Spaces: 6
  • Parking Type: Parking Lot

Location

  • Area: Newark/Glasgow (30905)
  • County: New Castle
  • Driving Directions: GPS
  • City Limits: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Hot Water
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Stories/Levels: 0
  • Year Built: 1960
  • Year Built Source: Assessor
  • Property Condition: Average

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3

Unit 1

  • Unit Description: Unit 1

Unit 2

  • Unit Description: Unit 2

Unit 3

  • Unit Description: Unit 3

Unit 4

  • Unit Description: Unit 4

Unit 5

  • Unit Description: Unit 5

Lot Features

  • Lot Size (Acres): 0.27
  • Lot Size (Sq. Ft.): 11,761
  • Lot Size Source: Assessor
  • Lot Dimensions: 100.00 x 116.70
  • Zoning: 18RD

Financial Considerations

  • Price Per Sq. Ft.: $222.42
  • Assessment Year: 2022
  • School Tax: $3,976
  • City/TownTax: $931
  • City/TownTax Freq: Annually
  • County Tax: $328
  • County Tax Freq: Annually
  • Tax w/Assessment: $120,300
  • Tax Amount: $5,235
  • Tax Year: 2022
  • Owner Pays: Common Area Maintenance, Gas, Heat, Lawn/Shrub Care, Sewer, Snow Removal, Taxes - Real Estate, Water
  • Landlord Pays: Common Area Maintenance, Gas, Heat, Lawn/Shrub Care, Sewer, Snow Removal, Taxes - Real Estate, Water

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 118

Meet the listing agent

Meet the listing agent
— 15 Benny St —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 15 Benny St

School District:Christina School District
NameGradesDistance
West Park Place Elementary School
193 West Park Place, Newark, DE 19711
K-50.9 mi
Shue-Medill Middle School
1500 Capitol Trail, Newark, DE 19711
6-82.6 mi
Newark High School
750 East Delaware Avenue, Newark, DE 19711
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 15 Benny St

Date
Details
Price
Change
Source
4/30/2024
Sold
$900,000
-10%
MLS
2/19/2024
Listed
$1,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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15 Benny Street, Newark, DE 19711 (MLS# DENC2056510) is a Apartment property that was sold at $900,000 on April 30, 2024. This property was listed by Applebaum Nolte Team from our Wilmington Office.Want to learn more about 15 Benny Street? Do you have questions about finding other Apartment real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.