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Updated 14 minutes ago

2 Bedroom In Olde Mill Village


5 S Merriment Dr Newark, DE

2 Bed
•
2 Bath

1,550 Sq. Ft.

Available Now
Floor plans
2 Beds • 2 Bath
$2,150
1550 ft2
1 Available
Managed By: Mottola Group Property Management Services
-
$2,150
Available Now
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2 Bedroom In Olde Mill Village
2 Bedroom In Olde Mill Village
2 Bedroom In Olde Mill Village
Property details
Description

Welcome to 5 S Merriment Drive, a bright and inviting retreat in the established Olde Mill Village community. Whether you're unwinding after a long day or hosting a casual get-together, the flow of the living spaces makes every day feel effortless. The finished basement provides additional versatile living space, perfect for a family room, home office, workout area, or entertaining guests. It adds another level of functionality to the home with plenty of room to suit your needs. is everything, and this property delivers. Situated with quick access to I-95, you’re just minutes away from an array of local shopping centers and a vibrant dining scene. It’s the perfect blend of a peaceful community atmosphere with the convenience of city amenities right at your fingertips.
SPECIAL REMARKS: 1) No Pets 2)No smoking permitted on premise 3)Tenant responsible for all utilities including electric, gas, water, sewer, trash and cable 4)Tenant responsible for all Lawn care and snow removal 5)Renter's insurance required.
LEASING REQUIREMENTS: Owners require a Credit Score of 650 or higher, Satisfactory Landlord References or Mortgage payment history and Gross Income 3x monthly rent.

Additional Details
Total Unit Count: 1
Last Updated: Updated 14 minutes ago
Contact Number: (937) 939-2205
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 2 Bedroom In Olde Mill Village by bedroom type below.
2 Bedroom
Suggested income:
$77,400
per year
Rent report

2 Bedroom In Olde Mill Village Rent vs. Newark Average

 2 Bedroom In Olde Mill Village      Newark Average
2BR
$2,150
$1,717
$0
$700
$1,400
$2,100
$2,800

2 Bedroom In Olde Mill Village is asking 25% more than the average 2 bedroom apartment in Newark.

If you upsized to an average priced Newark 3 bedroom apartment, you would pay 23% more per month.

If you downsized to an average priced Newark 1 bedroom apartment, you would pay 12% less per month.

2 Bedroom In Olde Mill Village provides 65% more square footage than the average Newark 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
2 Bedroom In Olde Mill Village
2BR $2,150 $1.40 $6,450
Newark Average
Studio $1,538 $4.00 $4,613
1BR $1,536 $2.10 $4,609
2BR $1,717 $1.80 $5,150
3BR $2,243 $1.70 $6,730
4BR $5,000 $3.30 $15,000

Availability in Newark

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 96 2BR units on the market in Newark. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
3% 22% 41% 9% 21%
Available Units in Newark
Studio 8
1BR 52
2BR 96
3BR 22
4BR 49
Location
Nearby Colleges

Wilmington University

Wilmington University

University of Delaware

FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 1,550 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are 2 bedroom units available.
How many bathrooms are in the available units?
There are 2 bathroom units available.
What's the monthly rent at this property?
2 Bedroom In Olde Mill Village has a 2 bedroom unit starting at $2,150.
Where is this property located?
This property is at 5 S Merriment Dr in Newark, DE. It's 4.8 miles southeast from the center of Newark.
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