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$1,195,000
423 N Broad St, Middletown, DE 19709
0 Beds
0 Baths
n/a sqft

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93% occupied retail building with a history of successful tenants since renovation in 1997. Building was originally built in 1919 for the New Century Club. 6 units 5 are occupied. 3 coming vacant in February of 2021. 2019 NOI $104,000 with a Cap Rate of 8.7%
  • Price:
  • $1,195,000
  • Acreage:
  • 0.29
  • Year Built:
  • 1919
  • Listing ID #:
  • DENC510844
  • Street Address:
  • 423 N Broad St
  • City:
  • Middletown
  • State:
  • Delaware
  • Postal Code:
  • 19709
  • County:
  • New Castle
  • Community:
  • South Of The Canal (30907)
  • Listing Status:
  • Active
  • Building Condition:
  • Average
  • Ceiling Height:
  • 8' To 10'
  • Doors And Windows:
  • Insulated
  • Ease Of Access:
  • Chairlift, Elevator
  • Flooring:
  • Hardwood, Stone, Carpet
  • Foundation:
  • Block, Slab
  • Number Of Units:
  • 6
  • Type Of Roof:
  • Asphalt
  • Year Built:
  • 1919
  • Year Built Source:
  • Estimated
  • Gross Income:
  • 172324.00
  • Net Operating Income:
  • 104101.00
  • Operating Expense:
  • 68223.00
  • Approximate Lot Size Range Source:
  • Assessor
  • Lot Square Footage:
  • 12632.00
  • Road Frontage:
  • 50
  • Road Type:
  • Black Top
  • Days On Market:
  • 54
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • Terms:
  • Conventional, Private, Seller Financing
  • Building Name:
  • Fine Shops At Christophr
  • Cross Street:
  • Shall Cross
  • In City Limits:
  • Yes
  • Street Type:
  • Street
  • City Taxes:
  • 822.00
  • County Taxes:
  • 824.00
  • Price Per Square Foot:
  • 118.91
  • Property Taxes:
  • $8,962
  • Tax Year:
  • 2020
  • Parking Description:
  • Private, Public, Paved Parking, Lighted Parking, Handicap Parking, Fenced
  • Parking Spaces:
  • 58
  • Parking Type:
  • Parking Lot, On Street, Off Site
  • Cooling Fuel:
  • Electric
  • Cooling System:
  • Central A/C
  • Electricity:
  • 440 Volts
  • Existing Water:
  • Public
  • Heating:
  • 90% Forced Air
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Holding Tank, Public Sewer
  • Water Heater:
  • Natural Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Exp Realty
  • © 2020 BRIGHT, All Rights Reserved BRIGHT

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