Georgetown, DE 19947,18317 WARRINGTON CT
Georgetown, DE 19947,18317 WARRINGTON CT
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$700,000

$795,000

11.9%
Est.Price: ?

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Est. payment /mo

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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Bright MLS (BMLS)
Listed by BOB WHEATLEY • KELLER WILLIAMS COMMERCIAL
Bought with BOB WHEATLEY • KELLER WILLIAMS COMMERCIAL
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