New Listing
Description
**INVESTORS & FUTURE OWNER-OCCUPANTS-IMMEDIATE RENTAL INCOME WITH ADDITIONAL UPSIDE!** This detached Wilmington triplex offers a compelling combination of established income, substantial capital improvements, and future equity-building potential. Currently generating $4,300/month in reported rental income, the property offers the potential for positive cash flow even at the asking price under illustrative financing and expense assumptions. The building has undergone extensive improvements, including roof and siding upgrades, an attractive stone façade, added gutters, refreshed landscaping, and new mini-split supplemental heat and air. The second- and third-floor apartments are completely renovated and fully furnished, each featuring a new private deck. All three levels offer mini-split air conditioning and supplemental heating alongside natural gas radiator heat. The spacious first-floor residence features a private covered front porch and an opportunity for cosmetic improvements to further enhance value. **OWNER-OCCUPANT OPPORTUNITY:** Consider making the first floor your home while rental income from the upper levels helps offset housing expenses as you build equity in the entire property! The first-floor apartment is tenant-occupied under a lease ending March 2027; future occupancy is subject to existing lease terms, tenant rights, and lawful possession. Rental income and financial projections are subject to buyer verification. **A versatile income-producing property with major improvements already completed and additional opportunities to build long-term wealth!**
Details
| MLS # | DENC2113680 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1935 |
| Days On Site | 7 |
| Listing Provided By | Coldwell Banker Realty | Kevin Hobbs |
Features
| SQ Feet | 2,800 |
|---|---|
| Story(s) | 3 |
| Units | 3 |
| Zoning | 26R-3 |
| Acreage | 0.11 |
Interior
| Cooling | Programmable Thermostat, Multi Units, Ductless/Mini-Split |
|---|---|
| Heating Yes / No | Yes |
| Heating | Hot Water |
| Window Features | Energy Efficient, Insulated |
| Appliances | Built-In Range, Built-In Microwave, Dishwasher, Disposal, Dryer, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, ENERGY STAR Clothes Washer, Intercom, Oven/Range - Gas, Water Heater - High-Efficiency, Energy Efficient Appliances |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Mixed, Stone, Stucco, Shingle Siding |
| Foundation Details | Block |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 4261 |
|---|
Area Information
| State | DE |
|---|---|
| County | NEW CASTLE DE |
| City | WILMINGTON |
| Zip Code | 19802 |
| Area | Wilmington (30906) |
| School District | BRANDYWINE |
| Elementary School | CARRCROFT |
| High School | BRANDYWINE |
| Listing VS Median (in 19802) | |
Price: $595,000 low | high Med: $199,999 sqft: 2,800 low | high Med: 1,075 $ / sqft: $213 low | high Med: $186 On site: 7 low | high Med: 63 | |
Market Activity 19802
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Learn More About This Property
| State | DE |
|---|---|
| County | NEW CASTLE DE |
| City | WILMINGTON |
| Zip Code | 19802 |
| Area | Wilmington (30906) |
| School District | BRANDYWINE |
| Elementary School | CARRCROFT |
| High School | BRANDYWINE |
| Listing VS Median (in 19802) | |
Price: $595,000 low | high Med: $199,999 sqft: 2,800 low | high Med: 1,075 $ / sqft: $213 low | high Med: $186 On site: 7 low | high Med: 63 | |