48 W Commerce Street Smyrna, DE 19977US

Commercial, 0.08 acres, 51 years old
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Listed
For Sale
9/27/16
326 Days
$190,000
Bedrooms
--
Bathrooms
--
Finished Sq Ft
--
Type
Commercial
Style
--
Lot Size
0.08 ac
Mortgage Payment
--
Taxes
$926 (2016)
Year Built
1966
Subdivision
Smyrna
Stories
--
MLS #
6868502
66
Your Rating:
Listing Broker  
Delaware Homes Inc

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This building has rental units with excellent performance record. Annual income - 1st floor store - currently a Karate studio approximately 1400 sq ft has a lease and is paying $550 a month. Large 2nd floor, 3 bedroom apartment with a sunroom leased at $750 a month and a first floor 2 bedroom apartment that is also leased and they pay $500 a month. Current rents are substantially below market rates. Many updates, all utilities separated per unit and paid by tenants.
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Previous Sales and Listing History

DateEventSourcePrice
9/27/2016For SaleTrend (Bright) 6868502$190,000
12/14/2013Sign InSign InSign In
7/23/2013Sign InSign InSign In
7/23/2013Sign InSign InSign In
12/19/2012Sign InSign InSign In
5/14/2013Sign InSign InSign In
11/17/2012Sign InSign InSign In

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48 W Commerce Street Property Features

Smyrna
KENT-DE
MARKET
Downtown
Commercial
State
$35,400
Commercial
Various Leas
Vinyl Siding, Stone
Public
WaterAvail, SewerAvail, GasAvail, ElectrcAvail, PhoneUtil, CableTVAvail
CPVC/PVC
Public Sewer
31X115
02
3621.0
0.08
5100-000
CC

Smyrna REAL ESTATE NEWS

The Smyrna market saw 17 homes go under contract and failed to break out of an extended downward trend. Despite that, total home sales rose to 21 over the last 30 days. All indications show that the t... Read More »

Smyrna is the 10th-most populous city in Delaware with 10,023 residents. Its population is growing slightly faster than the rest of the state, at a 10-year growth rate of 85.1%. The Smyrna market is p... Read More »

The Smyrna market slowed this week but was still better than normal as sales dropped 13.6% to 19 homes sold over the last 30 days. On the other hand, close-by Dover registered 45 homes sold in the sam... Read More »

48 W Commerce Street Map

Listing Information for MLS#

 Michael Selvaggio, Delaware Homes Inc
  Tuesday, July 25, 2017 5:26:11 PM

BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.

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School boundaries and attendance zones are updated frequently. This guidance should not be used to determine the legal eligibility to attend any particular school or school system.

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