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Description Open House Details Location Market Trends Schools Recent Sales Virtual Tour
$1,999,999 Est. $7,365 / mo.*

8 Commonwealth Avenue Claymont , DE 19703

Courtesy of Matt Lenza, Crown Homes Real Estate info@lenzateam.com

Description

16 Beds
8 full, 2 half Baths
11,500 Sqft
12,196 Sqft lot
0.28 Acre lot
Status: Active
Property Type: Single Family Residential
Year Built: 1917
Neighborhood: Overlook Colony
Days on Website: 129
Available now! Once in a lifetime opportunity to own an entire building with Commercial and Residential units. Updated financials will be added. Current owner has increased rents and made numerous improvements throughout. Perfect opportunity to buy now and utilize the increased Cash Flow (and not have to worry about getting costly repairs/upgrades completed). All payments from current tenants are being converted to online payments to make it very easy for the new owner to take over the reigns. Additional Notes Below: A building with a rich history stands proudly at the entrance to Overlook Colony. With the revitalization going on in Claymont, it has seen many changes since 1917 when constructed by General Chemical Company. Initially, the two-story building with a full basement was used as the community center for Overlook Colony and was placed at the main entrance just off of Philadelphia Pike. The Colony was planned and developed by General Chemical to house their employees in what were very nice, substantial homes at the time. Besides being called the community center it was later known as Redman's Hall; a meeting place for a fraternal group. It also housed activities of the Holy Rosary Church and stores including Shinn's and later, Steins. If you walk the halls of our building you will notice a lovely plaque that was presented to the three of us by the Claymont Fire Company. It commemorates the fact that many years ago, all of the organizational meetings of the fire company were held in our building. Also, up until 1924, when the Claymont School was built on a lot donated by General Chemical, the community center provided several rooms to take care of the educational needs of the children in the Colony. In 1989, new owners purchased the building and since then have tried to keep the glory of the building's former days while completely modernizing the structure. Because of our efforts, they were presented with a New Castle County Historic Preservation Award in 2000 and were given a grant of $2,500 from General Chemical in 2002 to help beautify the front of the building. Much thought, work, and finances have been expended over the years.

Open House

Property Details and Features

Basement
95.0 % finished
Combination
Bathrooms
10 total bathrooms
10 bathrooms on main level
8 full bathrooms
8 full bathrooms on main level
2 half bathrooms
2 half bathrooms on main level
Bedrooms
16 bedrooms
16 bedrooms on main level
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$1,999,999 - 16Br/10Ba - for Sale in Overlook Colony, Claymont
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Contact an Agent

John Maranto

410 823 0033 443 564 0952

Location

$1,999,999 -
8 Commonwealth Avenue Claymont , DE 19703
County: New Castle

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This content last updated on October 21, 2024 4:02PM.

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