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… Read More 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. Read Less
Courtesy of Renee Spruiel, RE/MAX Associates-Wilmington [email protected]
Listing Snapshot
Days Online
26
Last Updated
Property Type
Twin Home
Square Ft.
2,425
Lot Size
0.06 Acres
Year Built
1890
MLS Number
DENC2077178
30 Days Snapshot Of 19805
$251k
-7%
(avg) sold price
35
+34%
homes sold
28
+16%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
Basement
Unfinished
Building
2,425 sqft living area, Built in 1890, Structure Type: Twin/Semi-Detached, 3 units in building, Traditional, Brick, Stucco
Cooling
Central Air, Electric, Central A/C
Exterior Features
Sidewalks
Foundation
Stone
Heating
Natural Gas, Forced Air
Income
Apartment Rentals, Laundry
Lot
2,614 sqft, Lot Size Dimensions: 34.00 x 80.00, 0.06 acres
Property
Other Structures: Above Grade, Below Grade, Other Units: Unit 1, Unit 2, Unit 3, 1 one-bedroom unit, 2 two-bedroom units
Sewer
Public Sewer
Taxes
City/Town Tax: $1,049, City/Town Tax Pymnt Freq: Annually, County Tax: $123, County Tax Pymnt Freq: Annually, School Tax: $1,300, School Tax Pymnt Freq: Annually, Tax Annual Amount: $2,472, Tax Year: 2024
Utilities
Hot Water: Natural Gas
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