$228.31 Per Sq Foot $3,891 est/mo Sourced by Back At You

223&225 N Maryland Ave,Wilmington, DE 19804

Wilmington DE, 19804

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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 TypeFor Sale
Sub-TypeResale
StatusClosed
Year1886
Days On Site374
Listing Provided ByCentury 21 Gold Key Realty | Danielle L Benson
Buying Commision2.5% Of Gross

Features

SQ Feet3,175
ZoningCN
Acreage0.32

Market Activity 19804

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Listings Checked: 5 minutes ago
StateDE
CountyNew Castle
CityWilmington
Zip Code19804
AreaElsmere | Newport | Pike Creek
School DistrictRed Clay Consolidated
Listing VS Median (in 19804)
Price:
$724,900
low | high
Med:
$299,900
100% of Average
SqFt:
3,175
low | high
Med:
1,125
100% of Average
$ / SqFt:
$228
low | high
Med:
$267
33.241213347435% of Average
On Site:
374
low | high
Med:
151.000000
100% of Average
Sourced by Back At You
Listing Updated: June 13, 2024 at 9:21:19 PM PDT