tomo logo

$6,630,000

Beds
3
Baths
1.0
sq ft
975

55 New London Ave, Newark, DE 19711

55 New London Ave

NEWARK, DE 19711

  • 174 days on market
INVESTOR ALERT! Here's a chance to own a portfolio of 10 properties that have performed consistently over 20+ years. This listing is part of a ten-property portfolio diversified across 3 categories: (6) College Rentals in excellent locations, (3) very high yield rooming houses and (1) Government Guaranteed rent, Section 8 housing with approx. 5 year long tenants. With the signed NDA and proof of funds Seller will show the property and give more information.

Details

Property type

Townhouse

Est. home value

$197,706

Lot size

4,356 sq ft

Price per sq ft

$6,800

Year built

1920

Annual property taxes

$792

HOA

No

Price History

03/28/2024
Bright

Bright #DENC2058646

Listed
$6,630,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CHRISTINA

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Td Bank Na

Loan start date

January 2016

Original loan amount

$180,000

Est. remaining balance

Not provided

Interest rate

3.03%

Loan type

Credit Line (Revolving), 30 year

Seller

David M Reise

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/18/2024 at 12:45 AM

Listing updated: 08/14/2024 at 3:54 AM

Listed by: Corey J Harris, Crown Homes Real Estate Phone #: (302) 504-6147

MLS: Bright #DENC2058646

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