$700,000
$795,000
11.9%For more information regarding the value of a property, please contact us for a free consultation.
0.32 Acres Lot
SOLD DATE : 06/12/2024
Key Details
Sold Price $700,000
Property Type Vacant Land
Sub Type Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DESU2056422
Sold Date 06/12/24
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $297
Tax Year 2023
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 133.00 x 105.00
Property Description
Unique opportunity to acquire a mobile home SUBDIVISION, not a mobile home park. This is a 12-lot general residential subdivision and since each lot is deeded separately, it is not subject to the rules governing the leasing/purchase/sale of mobile home parks. This is a residential subdivision where the owner chose to place mobile homes on the lots and rent the lot/home package, rather than sell the lots. Offered for sale "as is" as a package only--no individual lot sales. There are a lot of good options here! A new owner can simply continue to operate the development as a portfolio of rental units or at the per-lot price of $66,250, you could redevelop the site altogether. Currently the 12 lots are served by two water wells, two lots have their own septic systems and the remaining 10 lots share five septic systems (two lots per system). 10 homes are rented and current, 2 homes are in need of renovation in order to rent them. Great opportunity for an entrepreneur, 1031 exchange. Financial details, rent roll, individual home showing are available to buyers with a Non-Disclosure agreement and/or contingent offer contract
Location
State DE
County Sussex
Area Georgetown Hundred (31006)
Zoning GR
Interior
Fireplace N
Exterior
Waterfront N
Water Access N
Garage N
Building
Sewer Gravity Sept Fld, Low Pressure Pipe (LPP), Mound System
Water Well
Schools
School District Indian River
Others
Tax ID 135-05.00-42.02
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Financing Cash,Conventional,Exchange
Special Listing Condition Standard
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Bought with BOB WHEATLEY • KELLER WILLIAMS COMMERCIAL
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "