$4,900,000 1116 Houston Cir Millsboro, DE

MLS: 6655925   Type: Commercial   County: Sussex   City: Millsboro   Area: Sussex County   Neighborhood: Millsboro   Zip: 19966   Style: Apartmnt Bld     Taxes: $30,800

Mortgage $23,005 /mo



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INCOME PRODUCING! 98% LEASED. 55 GARDEN STYLE CONDO UNITS W/TENANTS IN PLACE. Being sold in one package with proportionate share of common elements. 1 & 2 story units--some 1 bedroom w/den; others 2 bedroom. Separate heating/AC for each unit, metered separately. Each unit contains stove,refrigerator,microwave & dishwasher. Washer/dryer hook-ups. Within town limits of Millsboro with town sewer and water, metered separately. Apartments to show. Condo docs available. The ENTIRE GROUP OF 55 CONDOS and the proportionate share of the common elements is for sale AT $4,900,000. Other packages are also available.$400/unit one time set-up fee of $400 to condo association at settlement.

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Price History

10/9/2015 Listed $4,500,000

Accessibility None
Businesstype Apartmnt Bld
Hot Water Electric
Is Twin No
Listing Area Sussex County
Location Downtown
Property Type Commercial
School District Indian River
Subdivision MILLSBORO
Tenancy 1 Yr or less, Opt to Renew
Tenantpays PayElec, PayWtr, PaySwr
Utilities WaterAvail, SewerAvail, ElectrcAvail, CableTVAvail
Zoning Q

Interior Features

Buildingfeatures CeilingFans, Refrigerator
Electric CircBreakers
Flooring CarpetFlr, Vinyl
Units 55

Exterior Features

Exterior Stucco
Foundation BltOnSlabFou
Lot Dimensions 7X22
Parking Features OnSiteGar
Roadsurfacetype Boro/Township
Roof ShingleRoof
Sewer Public Sewer
Water Public
Waterfront Property N

Property Schools

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Gallery (9 photos)

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Property vs Zip Code Avg (19966)

Price 4.90M Avg 1.71M

Taxes $30,800 Avg $5,900

Visits 23 Avg 112

Walkscore® 54 Avg 40

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Listing Provided Courtesy Of: Mann & Sons, Inc

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Location & Address

eXp Realty Delaware
State Broker of Record is located at 144 Kings Hwy, Suite 301, Dover, DE 19
Dover, DE