108 E MONROE AVENUE New Castle, DE 19720

$2,200,000
108 E MONROE AVENUE, New Castle, DE 19720
1001871728

Commercial Property for sale in New Castle, DE

for $2,200,000. This 10,800 square foot building was built in 1944 on a lot size of 50X100.

Property Information

  • $2,200,000
  • Commercial
  • 10,800 Square Feet
  • Taxes are $1,349
  • Other / Unknown
  • Active
  • Lot size of 50X100
  • Built in 1944
  • New Castle, DE
  • Penn Acres Neighborhood
  • New Castle County
  • MLS/Web ID is 1001871728

Description

Great investor opportunity!! Whether you are a seasoned investor or a first time investor waiting for the perfect property to break into the investment scene. This well-maintained, easy to access 24 unit apartment complex is everything you need to start producing income right away. With so much to offer to both a prospective investor or prospective tenant. Located in the heart of New Castle, close to shopping, public transportation and best of all the I-95 Corridor. Not to mention a recently replaced roof, all new windows and two laundry areas with newer washers and dryers to meet your tenants every need. A visit to the property will clearly convey the true sense of Family and Community with a designated area for to play and tenants to stay for years to come. Don't Miss making the time to see everything this property has to offer. Add it to your viewing list today. Income and Expense reports available along with copies of current leases for serious inquiries only. Owners pay water, sewer and common area electric. Tenants responsible for electric heat pump which provides the heat and air conditioning. Listing agent also the property manager available for questions and showings.

Room Information

  • Master Bedroom

Interior 5

Flooring

  • Carpet(s)
  • Vinyl Flooring

Heating Source

  • Electric
  • Natural Gas

Heating System

  • Hot Water Heater: Gas

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 4

Construction

  • Brick

Foundation

  • Brick

Parking

  • Lighted Parking
  • Paved

Roof

  • Pitched/Sloped
  • Shingle Roof

Miscellaneous 5

Location

  • Other

Maintenance Fee Includes

  • Trash/Garbage Pickup
  • Water

Other

  • Mixed Plumbing

Public Transportation Location

  • Nearby

Utilities

  • TV-Cable

Rental 3

Landlord Pays

  • Sewer

Rent Includes

  • Lawn Care
  • Parking
  • Pest Control
  • Snow Removal
  • Taxes

Tenant Pays

  • Electric

† Excluded Feature

Neighborhood & Schools

Community: CREST MANOR APARTMENTS
School District: COLONIAL

 See complete school information

Listed By

Broker: MID-DEL PROPERTY MANAGEMENT

108 E MONROE AVENUE, New Castle, DE, 19720 is a Commercial Property for sale at $2,200,000 with 10,800 sqft and a lot size of 50X100. 108 E MONROE AVENUE has 0.0 baths and was built in 1944. The property's zip code is 19720 which is in New Castle, DE

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Market Pricing

Average % of sale price Median % of sale price
All listings in New Castle $303,251 86 % below $229,900 90 % below
Commerical listings in New Castle $1,168,333 47 % below $1,090,000 50 % below
Sold listings in New Castle $130,305 94 % below $128,850 94 % below

Get the facts about New Castle, DE!

Population 5,230
Population Growth (since 2000) 1 %
Median Income $57,540
Median Age 44.63
Households w/ Children 19 %

Residential Dwellings

  • Owned 1557
  • Vacant 153
  • Rented 725

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363