340 W CHESTNUT HILL Rd, Newark, DE 19713

This unique one-of-a-kind multi-family investment opportunity is sheltered on a 2-acre wooded property in Newark, De. Built in 1865, this beautifully renovated barn is an evolving work of art with history as its cornerstone of beauty. Designed and owned by a world-renown artist, he was also an art professor at UD for several decades. He created this multi-unit conversion, preserving many of its 19th century characteristics while renovating to include updated essentials and luxurious details. The result is stunning and mesmerizing. Its convenient location just off of University of Delaware's campus and the I-95 thoroughfare makes it a strong contender for rental. He meticulously designed and renovated this vast 9,000 sq. ft. barn converting it into many separate units. An office, gallery, photo studio and loft storage area are unfinished but have extensive potential to be renovated as extra charming units. A bonus Amish-built barn, constructed in 1982, is also on the property and was used as a studio, garage, and workshop with studio apartment above. Each of the units is unique and tastefully designed with an artistic eye, and is often described as a small secluded community of friends. The units also include ample parking. Apt. 1 is 1,372 sq. ft. with 2 floors plus a 3rd floor loft featuring 2 bed/2baths, a dramatic spiral staircase with gated doors at the top, Amish-installed hardwoods, deck and fenced-in yard. Apt. 2, 1,550 sq. ft., is one floor plus a loft offering 2 beds/1.5 baths, new carpet throughout and a quaint front and back deck. Apt. 3A is a 1 bed/1 bath basement unit just over 950 sq. ft. with multiple skylights, wood tile floors and pretty patio entrance (can connect to 3B). Apt 3 B is a ground floor studio with 1 bath and attractive hardwood floors and is 724 sq. ft. (can be connected to 3A) Apt. 4A is on the ground floor at 1,220 sq. ft. and also offers an upstairs loft totaling 1 Bed/ 1 Bath plus additional space for an office. Enjoy the brick floor downstairs and wood tile floor upstairs along with a skylight. Relish the fenced-in yard and patio. Apt. 4B measures 1,140 sq. ft. and is a ground floor unit with 2 beds/1bath and inviting brick floor. Apt. 4C is a 240-sq.ft. studio apt. with 1 bath and skylight. Nearby Newark is a thriving college town chock full of historical places, cultural destinations and an eclectic blend of businesses, shops and restaurants. Ideally located this is a true masterpiece! Min 48 hour notice to tour.