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Wilmington,DE 19805
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,425 sqft
Price per Sqft $162
MLS Listing ID DENC2077178
Style Traditional
Abv Grd Liv Area 2,425
Originating Board BRIGHT
Year Built 1890
Available Date 2025-03-10
Annual Tax Amount $2,472
Tax Year 2024
Lot Size 2,614 Sqft
Acres 0.06
Lot Dimensions 34.00 x 80.00
Property Sub-Type Twin/Semi-Detached
Property Description
Are you looking for a turn-key investment property that produces an immediate return on investment? If so, come see this fully occupied, 3-unit apartment building that is conveniently located near the Wilmington Riverfront, downtown employers, the Wilmington Train Station and easy access to I-95. Rarely available, this building has been well maintained by the current owners and features one 1 bedroom apartment and two 2 bedroom apartments. All apartments feature central air conditioning and each unit is separately metered for gas and electric services. Tenants pay their own utilities and the landlord pays the utilities for the common areas (basement and foyer), lawn/grounds care, property taxes and building insurance. Please see income and expense sheet for additional information. Notable updates include NEW HVAC systems for Units 1 & 2 (2023), NEW HVAC system for Unit 3 (2024), Newer Roof (2021), New Hot Water Heaters for Units 1 & 2 (2022), Unit 2 Remodeled (2023) and Unit 3 Remodeled (2024). The kitchens in the remodeled units feature GRANITE countertops. The property also comes with a coin-operating washer and dryer in the basement that are currently used by the tenants. Producing approximately $4,000 a month, this is a solid investment property with good rental history. You don't want to miss this one! Although this property has been well maintained, property is being sold in “as is” condition.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Equipment Dryer,Range Hood,Refrigerator,Stainless Steel Appliances,Stove,Washer,Water Heater
Fireplace N
Appliance Dryer,Range Hood,Refrigerator,Stainless Steel Appliances,Stove,Washer,Water Heater
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-027.30-281
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash
Financing Conventional,Cash
Special Listing Condition Standard