sold > 27 West Loockerman Street - Dover, DE 19901
27 West Loockerman Street - Dover, DE 19901
RAUBACHER 27 WEST LOOCKERMAN ST PROPERTY FRONT SOUTH VIEW
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PROPERTY NAME
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RAUBACHER 27 W LOOCKERMAN PROPERTY
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PRICE
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$399,000 : $85 +/- PSF
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ADDRESS
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27 WEST LOOCKERMAN ST, DOVER, KENT COUNTY, DELAWARE 19904
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PROPERTY TYPE
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COMMERCIAL & APARTMENTS MIXED USE
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GROSS INCOME - PGI
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$51,660 PER YEAR * $11.02 +/- PER SQ FT
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OPERATING EXPENSES
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$7,549 PER YEAR * $1.59 +/- PER SQ FT
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NET OPERATING INCOME
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$44,201 PER YEAR * $8.91 +/- PER SQ FT
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YIELD
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11.1 % CAP * 7.86 GIM * 94.33 GRM
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BUILDING AREA
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4,686 +/- SQ FT, THREE FLOORS
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COVERAGE RATIO
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213 % +/-
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LANDAREA
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2,205 +/- Sq Ft, 0.05 +/- Acre
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LOT FRONTAGE
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23.6 +/- Feet
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LOT DEPTH
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103.3 +/- Feet
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ZONING
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C-2, CENTRAL COMMERCIAL, CITY OF DOVER
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TAX MAP
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ED05 - 077.09 – 02 - 37.00
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DEED REFERENCE
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D504 - 267
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SCHOOL DISTRICT
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CAPITAL
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CITY TAX ASSESSMENT
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$307,700 : $65.66 +/- PSF
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CITY TAX RATE
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$0.401 / $100
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CITY PROPERTY TAX
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$1,240 +/- : $0.26 PSF
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COUNTY TAX ASSESSMENT
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$54,300 : $11.59 +/- PSF
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COUNTY TAX RATE
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$2.3462 / $100
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COUNTYPROPERTY TAX
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$1,274 +/- : $0.27 +/- PSF
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PROPERTY DESCRIPTION : This Mixed – Use Investment Property Has A Newly Remodeled Retail Space On The Ground Floor With A Five Year Lease Terminating In July 2018, And Four Apartment Units On The Second And Third Floors, All Fully Occupied, Each With Two Bedrooms, Kitchen, Bathroom, And Living Room. All Five Units Have Separate Utilities Meters Except Sewer And Water. The Commercial Portion Has Rear Access At Grade. This Property Is Ideally Located On Loockerman Street Near State Street. The Building Is One Of The Finest Quality Buildings In The Downtown District.
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ALL INFORMATION SUBMITTED SUBJECT TO ERRORS AND MODIFICATIONS. ALL INFORMATION CONTAINED HEREIN OBTAINED FROM RELIABLE SOURCES BUT NOT GUARANTEED. PROSPECTIVE PURCHASERS SHOULD VERIFY ALL INFORMATION SUBMITTED. LISTING BROKERAGE REPRESENTS SELLER.
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Phil McGinnis, CCIM, ACoM, ALC, e-PRO
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Office :
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(302) 736 - 1538
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Cell :
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(302) 270 - 0656
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Fax :
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(302) 736 - 2715
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Email:
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555 East Loockerman St. Dover, Delaware 19901 • Phone:302.736.2710 Fax: 302.736.2715
