223&225 N Maryland Ave , Wilmington, DE 19804
Wilmington, DE 19804
Description
Great opportunity to buy 2 apartment buildings outside of the city limits. Side-by-side buildings will be easy to rent and stay rented with little to no vacancies. This property is located in the Red Clay school district popular for renters. There are 7 total units consisting of 3- 2 bedrooms. 3- 1 bedrooms and 1 efficiency. The owners have redone the apartments over time. The photos are of various units showing the conditions and upgrades in the units. There are some with hardwood floors and some with newer LVP. The buildings have a rear entry parking lot with plenty of off-street parking. There is a nice rear yard. The tenants are a month to month leases. One of the 2 bedroom apartments is currently being renovated. All units have been updated. The building offer apartments that are both spacious and charming. Some units have screened-in porches and decks. Great positive cash flow has been consistent since ownership and the units are extremely easy to rent. The listing price is based on the ability to tap into the increased rents for the area.
Details
| MLS# | DENC2045946 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Closed |
| Year | 1886 |
| Days On Site | 450 |
| Listing Provided By | Century 21 Gold Key Realty | Danielle L Benson |
Features
| SQ Feet | 3,175 |
|---|---|
| Zoning | CN |
| Acreage | 0.32 |
Market Activity 19804
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Learn More About This Property
| State | DE |
|---|---|
| County | New Castle |
| City | Wilmington |
| Zip Code | 19804 |
| Area | Elsmere | Newport | Pike Creek |
| School District | Red Clay Consolidated |
| Listing VS Median (in 19804) | |
Price: $724,900 low | high Med: $320,000 SqFt: 3,175 low | high Med: 1,150 $ / SqFt: $228 low | high Med: $278 On Site: 450 low | high Med: 119.000000 | |