Bought with Nicholas Greif • Crown Homes Real Estate
$395,000
$395,000
For more information regarding the value of a property, please contact us for a free consultation.
4,704 SqFt
SOLD DATE : 09/14/2026
Key Details
Sold Price $395,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,704 sqft
Price per Sqft $83
MLS Listing ID DEKT2047392
Sold Date 09/14/26
Style Unit/Flat
Abv Grd Liv Area 4,704
Year Built 1900
Annual Tax Amount $1,767
Tax Year 2025
Lot Size 2,265 Sqft
Acres 0.05
Lot Dimensions 19.00 x 109.30
Property Sub-Type Quadruplex
Source BRIGHT
Property Description
4 units. 1 retail. 3 apartments. Building is 100% leased up and occupied. Ground floor is a barber shop. "House of Cuts" 3 1/1 apartments above. Each unit is separately metered. Tenants pay for own utilities.
80k of renovations want into the building within past 2 years to include a new roof, stucco, hot water heaters, flooring. Building qualifies for additional grants through the historic district of Town of Smyrna. All permits and inspections completed. Building is bringing $3,750.00 in rent. These rents are below market by about 25%. Leases expire in January. There is a value-add opportunity as there is an unused laundry area that can easily be restored to increase the value of the property.
Contact listing agent for a showing.
Location
State DE
County Kent
Area Smyrna (30801)
Zoning C-C
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility 2+ Access Exits, Level Entry - Main
Garage N
Private Pool No
Building
Above Ground Finished SqFt 4704
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Smyrna
Others
Tax ID DC-17-01017-06-4400-000
Ownership Fee Simple
SqFt Source 4704
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION
