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Newark Portfolio

10 Specialty Properties Offered at $6,630,000 in Multiple Locations

Specialty Properties Delaware Newark Newark Portfolio

Investment Highlights

  • Six College rentals w/ EXCELLENT locations
  • One Government Guaranteed rent, Sec 8 with approximately 5year long term tenants .
  • Three Very high yield rooming houses

Executive Summary

This offering is for qualified buyers looking to purchase either the Business or the business and assets with a 30year track record of recession & covid proof consistency: This 10 asset portfolio contains residential assets with a diversified portfolio including income producing assets that are comprised of student housing surrounding the University of Delaware and UD Science Technology campuses, rooming houses and a Sec.8 guaranteed income. Past performance is no guarantee of future results
50 Gilbert Pictures : https://www.icloud.com/sharedalbum/#B0WGI9HKKGOzD6j
146 Elliot Pictures : https://www.icloud.com/sharedalbum/#B0W59UlCq18tpY
104 Elliot Pictures: https://www.icloud.com/sharedalbum/#B0W5yeZFhX8aGt
127 E Cleveland Ave - https://www.facebook.com/1610889235837961/videos/2621325241498772
121 1/2 E Cleveland Ave - https://www.facebook.com/1610889235837961/videos/792892764560212
117 E Cleveland Ave - https://www.facebook.com/1610889235837961/videos/2885650858342761
115 1/2 E Cleveland Ave - https://www.facebook.com/1610889235837961/videos/844966999560460
115 E Cleveland Ave - https://www.facebook.com/1610889235837961/videos/504015320913990
55 New London Ave - https://www.facebook.com/1610889235837961/videos/505536397323720

Attachments

PortfolioOverview
127 E Cleveland Ave Description
121 1/2 E Cleveland Ave Description
117 E Cleveland Ave Description
115 1/2 E Cleveland Ave Description
115 E Cleveland Ave Description
55 New London Ave Description
1121 1/2 Pleasant St Description
146 Elliot St Description
104 Elliot St Description
50 Gilbert Ct Description

Taxes & Operating Expenses (Pro forma - 2022)

Annual
Gross Rental Income $365,970
Other Income -
Vacancy Loss -
Effective Gross Income $365,970
Taxes -
Operating Expenses -
Total Expenses $58,640
Net Operating Income $307,330

Taxes & Operating Expenses (Pro forma - 2022)

Gross Rental Income
Annual $365,970
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual $365,970
Taxes
Annual -
Operating Expenses
Annual -
Total Expenses
Annual $58,640
Net Operating Income
Annual $307,330

Property Facts

Price $6,630,000 Status Active
Price / SF $313.31 / SF Number of Properties 10
Sale Conditions Bulk/Portfolio Sale Individually For Sale 0
Cap Rate 5.61% Total Building Size 21,161 SF
Sale Type Investment or Owner User Total Land Area 0.61 AC
Price $6,630,000
Price / SF $313.31 / SF
Sale Conditions Bulk/Portfolio Sale
Cap Rate 5.61%
Sale Type Investment or Owner User
Status Active
Number of Properties 10
Individually For Sale 0
Total Building Size 21,161 SF
Total Land Area 0.61 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
50 Gilbert Ct, Newark, DE 19713 Specialty 2,175 SF 1900 -
104 Elliott St, Newark, DE 19713 Specialty 2,212 SF 1974 -
146 Elliott St, Newark, DE 19713 Specialty 2,437 SF 1974 -
55 New London Ave, Newark, DE 19711 Specialty 2,500 SF 1920 -
115 E Cleveland Ave, Newark, DE 19711 Specialty 2,000 SF 1900 -
115 1/2 E Cleveland Ave, Newark, DE 19711 Specialty 2,137 SF 1900 -
117 E Cleveland Ave, Newark, DE 19711 Specialty 2,000 SF 1900 -
121 1/2 E Cleveland Ave, Newark, DE 19711 Specialty 2,000 SF 1900 -
127 E Cleveland Ave, Newark, DE 19711 Specialty 2,200 SF 1900 -
1121 1/2 Pleasant St, Wilmington, DE 19805 Specialty 1,500 SF 1900 -
Show More > < Show Less
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50 Gilbert Ct, Newark, DE - aerial map view
  • Corey Harris
    Corey Harris
  • Crown Homes Real Estate
(302) 729-2881

  • Listing ID: 17874675

  • Date on Market: 12/4/2019

  • Last Updated:

  • Address: Newark Portfolio, Newark, DE

Specialty PROPERTIES IN NEARBY NEIGHBORHOODS

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Newark Portfolio
(302) 729-2881 x

Newark Portfolio

Corey Harris

(302) 729-2881

(302) 729-2881

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