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146 Elliott St

Specialty Building

ABOUT 146 Elliott St , Newark, DE 19713

Price Not Individually For Sale
Property Type Specialty
Property Subtype Residential Income
Building Class C
Lot Size 0.05 AC

Executive Summary

This is a high producing, rented & occupied 5 bedroom property, with two bathrooms consisting of, One full bath, and One, 3/4 bath.
It has traditionally produced very well, with an excellent long term, low vacancy, rental history. The property is in an extremely desirable investment location, convenient to down town Newark and surrounding metropolitan areas. This property is located in a populated area that sustains high demand, and is with in walking distance to shopping and amenities. It enjoys free Unicity bus access to City of Newark proper, as well as access to the DART (Delaware Area Rapid Transit) bus routes with 2 bus stops directly at the neighborhood entrance. It provides easy access to I-95, and several other main arteries, as well as rail and air. It is Located on a family oriented, neighborhood street, that has a dead end cul-de-sac, limiting non local through traffic.

Major improvements above and beyond comparables in the area, are the additions, including the;
1) Two additional large bedrooms in the property,
2) An additional 3/4 Bathroom,
3) Large fire egress engineered, windows, and widow wells This home has further upgrades, such as 3/4 wood flooring in the front entry living room area and the Upstairs rear master bedroom, as well as new 2nd floor front vinyl siding, shutters, and gutters. It has a fenced rear yard. The cul-de-sac provides ample additional parking. The additional parking requires no stickers, special permits, or time limits.

This investment continues to produce well, with long term positive over all escalations, and high occupancy rates. It is located in Delaware, with a city of Newark mailing address, while being in New Castle County jurisdiction. It is on the East side of Newark, and is approximately 1/2 way between Philadelphia and Baltimore, NYC and DC.
  • Listing ID: 11266686

  • Address: 146 Elliott St, Newark, DE 19713

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