313 Market Street, Georgetown, DE 19947 $319,000

# of Units: 2
Interior Sq. Ft: 1,800
Acreage: 0.41
Age:12 years
Taxes: $611
MLS#: DESU2073002
Mobile#: 2197
Subdivision: None Available
Design/Type:
Detached

Description

GREAT INVESTMENT OPPORTUNITY: Income producing duplex in the heart of Georgetown next to public park and baseball fields. 313A (downstairs) has 2BR/1BA and 313B (upstairs) has 3BR/1BA. The upstairs unit has a long term tenant on month to month lease. The downstairs unit has a one year lease expiring Jan. 31st, 2025. Convenient location with extremely low vacancy rate and high capitalization rate. Large lot backs up to Cooper Alley for easy access in or out and plenty of parking. Town code allows multitude of uses for this property with potential for subdivision of lot. Could be an office space or business to just name a few. Adjacent duplex also available.

Taxes: $611
Home Assoc: No
Condo Assoc: No
Garage: N
Basement: N
Pool: No Pool
School Dist: Indian River

Features

Utilities
Heat Pump - Electric BackUp, Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer

Garage/Parking
Driveway

Exterior
Block Foundation, Crawl Space Foundation, Stick Built Exterior, Porch(es), Sidewalks

Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address. Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.

Public Elementary (3 schools)

School District Grades Place Distance
Georgetown Elementary School Indian River School District Preschool–5 Georgetown 0.46 mi
Sussex Academy Sussex Academy K–12 Georgetown 1.06 mi
North Georgetown Elementary School Indian River School District Preschool–5 Georgetown 1.3 mi

Public Middle (2 schools)

School District Grades Place Distance
Georgetown Middle School Indian River School District 6–8 Georgetown 0.46 mi
Sussex Academy Sussex Academy K–12 Georgetown 1.06 mi

Public High (2 schools)

School District Grades Place Distance
Sussex Academy Sussex Academy K–12 Georgetown 1.06 mi
Sussex Technical High School Sussex Technical School District 9–12 Georgetown 4.42 mi

Private (2 schools)

School Grades Place Distance
Delmarva Christian High School Other 9–12 Georgetown 1.59 mi
The Jefferson School Nonsectarian Preschool–8 Georgetown 2.93 mi

© 2024 LiveBy. All Rights Reserved.

This report is a detailed community overview for Georgetown (19947), Delaware.

Community Quick Facts

  • Average travel time to work for people in this community: 25
  • Average salary of people in this community: $42,752

Community Summary

  • Population Density (ppl / mile): 167
  • Household Size (ppl): 2.70
  • Households w/ Children: 69%

Housing Inventory

  • Owned: 4,603 (62.9%)
  • Rented: 2,176 (29.7%)
  • Vacant: 536 (7.3%)
  • Total: 7,315

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Total: 19,992
Households: 6,779
Median Age: 38.30

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature

Education

Highest Level of Education Attained

  • Less than 9th Grade: 10.8%
  • Some High School: 11.9%
  • High School Graduate: 35.7%
  • Some College: 16.4%
  • Associate Degree: 8.9%
  • Bachelor's Degree: 9.3%
  • Graduate Degree: 7.1%

Income by dollar range

Median Income: $54,822

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

  • Studio: $642
  • One Bedroom: $549
  • Two Bedroom: $908
  • Three Bedroom: $1,093
  • Four Bedroom: $1,485

© 2024 LiveBy. All Rights Reserved.

Contact Information

Listing Courtesy of: Patterson-Schwartz-Rehoboth , (302) 703-6987, realinfo@psre.com

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. 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.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 10/29/2024.

313 Market Street, Georgetown, DE 19947

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Broker Compensation

An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.