Property
Beds
3
Full Baths
None
1/2 Baths
None
Year Built
1879
Sq.Footage
2,000
This all-brick end-unit row home in the 19805 zip presents a strong opportunity for investors seeking a cash-positive addition to their portfolio. The property is conveniently divided into two distinct rental units that generate a combined monthly gross income of $2,350. Unit 1 features a spacious two-bedroom, one-bathroom layout currently rented for $1,250 with about 1000 sf of living area. Unit 2 is a one-bedroom, one-bathroom suite rented for $1,100 with about 1000 sf of living area. Unit 2 offers added convenience with an in-unit washer and dryer, along with dual exterior access from both the main and upper levels. A significant benefit for a potential buyer is the installation of newer windows throughout the building, which improves energy efficiency and reduces future capital expenditure. Because the property is being sold in as-is condition and is currently occupied by tenants, interested parties should plan ahead and allow for a 24 to 48-hour notice period for all showings. Given the high demand for rental housing in Wilmington, this dual-stream income property is positioned as a high-utility asset for those ready to move quickly.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
N/A
-
Above Grade Finished Area
2000.0
-
Cooling YN
YES
-
Cooling
Window Unit(s), Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Hot Water
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Property Type
Residential Income
-
Property Sub Type
Townhouse
-
Architectural Style
Traditional
Price
-
Sales Price
$199,900
-
Tax Amount
$2,806
-
Sq. Footage
2, 000
-
Price/SqFt
$99
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Tax Lot
200
-
Water Source
Public
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Location
County
NEW CASTLE
Elementary School
Middle School
High School
Listing Courtesy of Sarah Murray , Weichert, Realtors - Cornerstone
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