McGinnis Realty - Specializing in Commercial Real Estate, Farms and Land Listings, and Residential Properties

PROPERTY NAME

KOCH BRADFORD ST APTS PROPERTY

PRICE

$249,000 * $62,250 PER UNIT

ADDRESS

31 SOUTH BRADFORD STREET

DOVER, KENT COUNTY, DELAWARE 19904

PROPERTY TYPE

MULTI-FAMILY APARTMENTS PROPERTY

ALTERNATIVE USES

NONE

BUILDING AREA

2,739 +/- SQ FT

PARKING

ON – SITE PARKING AVAILABLE

ZONING

RG1, GENERAL RESIDENCE ZONE, CITY OF DOVER

TAX MAP

ED05 – 077.05 - 04 – 07.00 - 00001

SCHOOL DISTRICT

CAPITAL

FIRST FLOOR RESIDENCE

#1 : ONE BR, ONE BATH, LIVING ROOM/KITCHEN RENT $750 / MO + UTILITIES * SEPARATE ELECTRIC

#2 : 1^ST AND 2^ND FLOOR, ONE BR, ONE BATH, LIVING ROOM, KITCHEN, PORCH RENT $750 / MO + UTILITIES * SEPARATE ELECTRIC

SECOND FLOOR RESIDENCE

#3 : ONE BR, ONE BATH, LIVING ROOM/KITCHEN RENT $475 / MO + UTILITIES * SEPARATE ELECTRIC

THIRD FLOOR APARTMENT

#4 : ONE BR, ONE BATH, LIVING ROOM/KITCHEN RENT $500 / MO + UTILITIES * SEPARATE ELECTRIC

TOTAL GROSS REVENUE

$2,475 PER MONTH * $29,700 PER YEAR

CITY TAX ASSESSMENT

$165,100 * $41,275 +/- PER UNIT

CITY TAX RATE

$0.415 / $100

CITY PROPERTY TAXES

$  690 +/- * $171 +/- PER UNIT

COUNTY TAX ASSESSMENT

$40,700 * $10,175 +/- PER UNIT

COUNTY TAX RATE

$2.8460 / $100

COUNTY PROPERTY TAXES

$1,300 +/- * $290 +/- PER UNIT

TOTAL EXPENSES

$11,800 +/- * $3,000 +/- UNIT

Phil McGinnis, CCIM, GAA, ACoM, ALC, e-PRO

Office :

(302) 736 - 1538

Cell :

(302) 270 - 0656

Fax :

(302) 736 - 2715

Email:

pjm@mcginnisrealty.com