Prime Investment Opportunity - Fully Rented Triplex in Historic Trinity Vicinity. High Demand Location. Solid income-producing triplex located at 906 N. Madison Street, set on a charming, tree-lined block in the highly desirable Historic Trinity Vicinity. This fully leased, three-unit property offers an attractive and versatile unit mix, including one… Read More efficiency studio unit with one full bath, one spacious 2-bedroom split unit with 2 full bathrooms, and one 2-bedroom one full bath flat on the first floor - appealing to a broad tenant base. Ideally positioned within walking distance to offices, retail, dining, the post office, and public transportation, this location supports strong rental demand and long-term stability. A turnkey opportunity for investors seeking a well-located, income-generating multi-unit asset in the heart of the city. Tenant pays for heat, electricity and hot water. Landlord pays for water & sewer. 2 Bedroom 2 Bath Unit rent is $1,325. 2 Bedroom 1 Bath Unit rent is $1,250. Studio rent is $875. Gross rent for all three units is $41,400. Management fee is 8%. Buyer is not obligated to use the current Management Company. Read Less
Courtesy of Michele A Endrich, BHHS Fox & Roach - Hockessin 302-999-9999
Listing Snapshot
Days Online
11
Last Updated
Property Type
Twin Home
Square Ft.
2,500
Lot Size
0.09 Acres
Year Built
1840
MLS Number
DENC2094920
Additional Details
Building
Built in 1840, Living area: 2500, Construction Materials: Brick
Cooling
Wall Unit
Accessibility Features
None
Heating
Hot Water, Baseboard - Electric
Income
Gross Income: $41,700, Apartment Rentals
Lot
0.09 acres, Dimensions: 22.50 x 150.00
Owner Pays
Insurance, Management, Taxes - Real Estate, Lawn/Shrub Care, Sewer, Water
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