44 Clinton St Delaware City, DE 19706
This exceptional multifamily investment opportunity is located at 44 Clinton Street in Delaware City, Delaware, 19706. The property consists of a single, two-story Class B building, totaling 2,600 square feet, constructed in 1910 and zoned 22C-1 - CENTRAL COMMERCIAL. The asking price is $425,000, representing a price per square foot of $163.46 and a price per unit of $212,500. The property features two separately rented units: a one-bedroom, one-bathroom apartment and a three-bedroom, two-bathroom apartment. Each unit has its own individually metered gas and electric service, as well as individual hot water heaters and heating and air conditioning systems. The property boasts a scheduled gross annual income of $36,900. Its desirable location directly across from Battery Park and historic Fort Delaware makes this a rare and attractive investment opportunity in the heart of Delaware City. This property is ideal for both experienced investors and those new to the real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.