121 E Cleveland Avenue Newark, DE ^$ 6,630,000

121 E Cleveland Avenue

^$ 6,630,000

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121 E Cleveland Avenue

Newark, DE, 19711

^$ 6,630,000

Bedrooms3 Baths1.0 Sq 1,325

Monthly Estimate*

^$ 46,313

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Townhouse for sale in Newark, DE

for $6,630,000 with 3 bedrooms and 1 full bath. This 1,325 square foot townhouse was built in 1900 on a lot size of 0.05.

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.

Townhouse Active

Price

^$ 6,630,000

Bedrooms

Full Bath

Property Type

Townhouse

Taxes

^$ 1,157

Style

Lot Size

0.05

Year Built

1900

Town/City

Newark

County/Region

New Castle

MLS | Web ID

DENC2058636

Features

Interior

Heating Fuel Natural Gas

Basement Partial

Hot Water Natural Gas

Basement (Y/N) Y

Heating Y/N Y

Fireplace Y/N N

Above Grade Finished Area 1325

Full Baths 1

Street Suffix AVENUE

Central Air Y/N N

Total Bedrooms 3

Below Grade Finished Area 0

Below Grade Finished Area Unit Type Square Feet

Laundry Type Basement

Below Grade Finished Area Source Assessor

Above Grade Finished Area Source Assessor

Above Grade Finished Area Unit Type Square Feet

Total Baths 1

General

Sewer Public Sewer

Heating Forced Air

Cooling None

Possession Subject to Existing Lease

Zoning 18RM

Pool Y/N No Pool

Architectural Style Other

Construction Materials Brick Vinyl Siding Aluminum Siding

Year Built 1900

Levels 3

Tax Year 2022

Percent Ownership Fee Simple

Cool Fuel None

Accessibility None

County NEW CASTLE

New Construction N

Property Type Residential

HOA / Comm Assn N

Subdivision Name NEWARK

Garage Y/N N

Water Access Y/N N

Other Structures Above Grade Below Grade

Status ACTIVE

Directions On Cleveland Ave

City NEWARK

Buyer Agent Compensation 2

Senior Community Y/N N

MLS Area Newark/Glasgow (30905)

Lot Size Square Feet 2178.00

Waterfront Y/N N

Street Name CLEVELAND

Tax Annual Amount 1157.0

Structure Type Interior Row/Townhouse

Condo/Coop Association Y/N N

Price Per Sq Ft 5003.77

Vacation Rental Y/N N

Days on Market 34

Standard Status Active

Year Built Source Assessor

Legal Subdivision NEWARK 18

Tax Lot 190

Buyer Agent Compensation Type % Of Gross

Exterior

Parking Features Gravel Driveway

Water Source Public

Type of Parking Off Street

Foundation Details Concrete Perimeter

Water View Y/N N

Lot Dimensions 15.00 x 141.00

Lot Size Acres 0.05

Lot Size Units Square Feet

Lot Size Source Estimated

Land Assessed Value 4400.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 121

* Excluded Features

List By

Crown Homes Real Estate

Broker

team@crownhomesre.com

Affordability Calculator

$46,409

Per Month

Monthly Principal & Interest: $46,313
Monthly Property Taxes: $96
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Townhouse listings in Newark, DE

Average List Price ^$860,845

Percent of Sale Price 87%

About Newark, DE

32,700 Population

10% Since 2002

^$56,561 Median Income

22.65 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3534162 Elementary School

3534061 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/29/2024	$6,630,000		Listed Price

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121 E Cleveland Avenue, Newark, DE, 19711 is a Townhouse for sale at $6,630,000 with 1,325 sqft and a lot size of 0.05. 121 E Cleveland Avenue has 3 bedrooms, 1.0 baths, and was built in 1900. The property's zip code is 19711 which is in Newark, DE

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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121 E Cleveland Avenue

Townhouse for sale in Newark, DE

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