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Wilmington,DE 19801
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,975 sqft
Price per Sqft $151
MLS Listing ID DENC2091332
Style Colonial
Year Built 1900
Annual Tax Amount $4,384
Tax Year 2025
Lot Size 1,742 Sqft
Property Sub-Type Detached
Property Description
Welcome to West Center City! Located in the heart of down town Wilmington affording a true Urban lifestyle that includes walking distance to some of the finest restaurants in the State, proximity to interstate highways, large employer base of the City, the Riverfront in all it's glory, and more! This left side duplex is ready for its next owner to either add to an existing portfolio or become the cornerstone of one. Two, 2 bedroom units with 1 full bathroom has been professionally gutted and rebuilt in it's past to create a modern layout coupled with a flexible lifestyle. Separate systems ensure that tenants can dial in their own temperatures and energy consumption, while operators are not on the hook for major monthly expenses. While this building is a three story, only two of them are being utilized, providing a value add to increase the number of bedrooms and possibly bathrooms depending for the second floor units, thus creating a larger and more valuable income stream. Currently only the first floor unit is occupied, so now would be a perfect time to insert a set of steps and fit out the third floor for your next tenant. While this property can be sold on its own, it makes more sense to buy 606 at the same time, thus controlling the entire structure and having your own free standing apartment building as a result. Perfect opportunity to deploy a DSCR loan product and either add to or start your investment journey!
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-4
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Flooring Carpet,Laminated,Vinyl
Inclusions As Shown
Exterior
Water Access N
Roof Type Flat
Building
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Dry Wall
New Construction N
Schools
School District Christina
Others
Acceptable Financing Cash,Conventional,Exchange,Private
Listing Terms Cash,Conventional,Exchange,Private
Special Listing Condition Standard