12 S Main Street Magnolia, DE
$ 174,900
Property Attributes
  • MLS#DEKT245800
  • TypeMulti-Family
  • CountyKENT
  • CityMagnolia
  • AreaCaesar Rodney
  • Zip19962
  • StyleTraditional
  • Year Built1880
  • Taxes518
  • Price$ 174,900
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,841 SqFt
Listing Provided Courtesy Of:
First Class Properties
Data Source:
Bright MLS
Property Description

Turnkey duplex investment on Main Street in Magnolia. Unit A is a 2 bed 1 bath and unit B is a 1 bed 1 bath. Gross Rent of 1,680 per month. Tenants are current in their rent. One tenant is on a month-to-month lease and the other lease end date is May 31, 2021. Hassle-free investment. Includes a two car garage that could possibly be developed as a 3rd unit subject to Magnolia and/or Kent County approval. Investment properties are hard to find these days. It is in a great location, CR school district and attracts good tenants.

Price History
1/19/2021 Listed $225,000
2/1/2021 16% - $189,900
2/19/2021 8% - $174,900

General Features

Accessibility None
Appliances Dryer, Washer, Refrigerator, Oven/Range - Gas, Oven/Range - Electric
Architectural Style Traditional
Construction Materials Frame
Cool Fuel Electric
Cooling Central A/C
County KENT
Days on Market 108
Flooring Laminated, Vinyl
Garage Spaces 2.00
Garage Y/N Yes
Heating Forced Air
High School District CAESAR RODNEY
MLS Area Caesar Rodney (30803)
New Construction No
One Bedroom Units Count 1
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2
Ownership Fee Simple
Possession 0-30 Days CD
Price Per Sq Ft 120.7
Property SubType Duplex
Property Type Multi-Family
Rent Control Y/N No
Roof Shingle
Sewer Public Sewer
Structure Type Twin/Semi-Detached
Tax Annual Amount 518.0
Tax Lot 0800-000
Tax Year 2020
Total Units 2
Two Bedroom 1
Vacation Rental Y/N No
Water Access Y/N No
Zoning NA

Interior Features

Basement Y/N No
Central Air Y/N Yes
Fireplace Y/N No
Furnished Units None
Heating Fuel Electric, Propane - Leased
Heating Y/N Yes
Hot Water Electric
Living Area 1449

Exterior Features

# Of Detached Garage Spaces 2
Garage Features Additional Storage Area
Lot Dimensions 60.00 x 128.27
Lot Size Acres 0.18
Lot Size Source Assessor
Lot Size Square Feet 7696.00
Navigable Water Y/N No
Pool Y/N No Pool
Spa No
Total Parking Spaces 2
Type of Parking Detached Garage, Driveway
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19962

AVG $170K
AVG $518
AVG 67
Year Built
AVG 1880
AVG 24
Data Provided by Walkscore ® not using MLS data

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