$595,000
●
House -
For Sale
10790 HERITAGE RD.
LINCOLN, DE 19960
3 Beds
2 Baths
1,680 Ft²
$2,989
Est. Monthly
4.30%
Cap Rate
About This Property
This property is being sold as a small subdivision. ONLY
interested parties in the whole property should inquire about this
property. Mobile home is not being sold separately.
There are 3 parcels involved for a total of 5.06 acres.
There is also a shared driveway to access the parcels.
The first parcel features a 3 bedroom 2 bathroom double wide
mobile home with a gas fireplace and beautiful upgraded kitchen
featuring granite countertops and SS appliances. that has been
fully upgraded. The other 2 parcels are empty lots each at 1.86
acres. These additional lots are listed as 230-21.00-4.16 and 4.17.
Permits are available for serious buyers. The road will
be required to start or complete before the lots can be sold.
This is a great opportunity for a contractor to develop this
subdivision.
Unit Size
1,680 Ft²
Days on Market
787 days
Land Size
5.06 acres
Price per sqft
$354
Property Type
House
Property Taxes
$67
HOA Dues
-
Year Built
1996
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (Bright MLS #DESU2069060)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 24, 2024 | Listed | $595,000 | |
| Listed | |||
| | |||
|
This property is being sold as a small subdivision. ONLY interested parties in the whole property should inquire about this property. Mobile home is not being sold separately. There are 3 parcels involved for a total of 5.06 acres. There is also a shared driveway to access the parcels. The first parcel features a 3 bedroom 2 bathroom double wide mobile home with a gas fireplace and beautiful upgraded kitchen featuring granite countertops and SS appliances. that has been fully upgraded. The other 2 parcels are empty lots each at 1.86 acres. These additional lots are listed as 230-21.00-4.16 and 4.17. Permits are available for serious buyers. The road will be required to start or complete before the lots can be sold. This is a great opportunity for a contractor to develop this subdivision.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Combination Kitchen/Living, Entry Level Bedroom, Floor Plan - Open, Kitchen - Island, Bathroom - Tub Shower
Appliances: Microwave, Dishwasher, Dryer, Exhaust Fan, Microwave, Electric Oven, Stainless Steel Appliance(s), Washer, Water Heater
Flooring Type: Ceramic Tile, Luxury Vinyl Plank
Has Fireplace
Fireplace Features: Stone, Corner, Fireplace - Glass Doors, Gas/Propane
Fireplaces: 1
Exterior Details
Square Footage: 1680
Square Footage Source: $0
Property Condition: Excellent
Architectural Style: Class C
Year Built Source: Estimated
Year Built: 1996
Building Name: NONE AVAILABLE
Levels: 1
Other Structures: Above Grade
Construction Materials: Vinyl Siding, Modular/Manufactured
Lot Size Area: 220413.6
Lot Size Units: Square Feet
Lot Size Acres: 5.06
Lot Size Square Feet: 220413.6
Water Source: Well
Financial Details
Tax Annual Amount: $800
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air
Sewer : Gravity Sept Fld
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Sussex
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Listed by: MICHAEL DOMINGUEZ
Jack Lingo - Lewes
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# DESU2069060
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Jack Lingo - Lewes
Last Updated: 10 hours ago
Data Source: Bright MLS , MLS# DESU2069060
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