Excellent opportunity to acquire a well-maintained 6-unit multifamily property in Wilmington. The building consists of five one-bedroom apartments and one studio apartment, with the units overall in solid condition. All six units are currently occupied by paying tenants, providing an established income stream from day one. This is a straightforward addition to an investor's portfolio. With a desirable unit mix, existing tenancy, and solid overall condition, 409 W 8th Street offers investors the opportunity to acquire a stabilized multifamily asset with continued income potential. Conveniently located near downtown Wilmington, major employment centers, public transportation, shopping, dining, and area amenities. Property sq. ft. and taxes are estimated based on New Castle County records. Buyer to perform due diligence.
| MLS # | DENC2113328 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1899 |
| Days On Site | 16 |
| Listing Provided By | Compass | Cole Mathew Ciber |
| Bed(s) | 5 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 3,000 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | 26C-4 |
| Acreage | 0.04 |
| Cooling | Window Unit(s) |
|---|---|
| Heating Yes / No | Yes |
| Heating | Baseboard - Electric |
| Window Features | Double Hung, Double Pane Windows |
| Exterior Features | Fire Escape |
|---|---|
| Roof | Flat |
| Construction Materials | Brick |
| Foundation Details | Stone |
| Garage Yes / No | No |
|---|
| Tax Annual Amount | 5974 |
|---|
| State | DE |
|---|---|
| County | NEW CASTLE DE |
| City | WILMINGTON |
| Zip Code | 19801 |
| Area | Wilmington (30906) |
| Community Name | WILM #16 |
| School District | CHRISTINA |
| Listing VS Median (in WILM #16) | |
Price: $595,000 low | high Med: $264,950 sqft: 3,000 low | high Med: 1,650 $ / sqft: $198 low | high Med: $161 On site: 16 low | high Med: 86.5 | |
| State | DE |
|---|---|
| County | NEW CASTLE DE |
| City | WILMINGTON |
| Zip Code | 19801 |
| Area | Wilmington (30906) |
| Community Name | WILM #16 |
| School District | CHRISTINA |
| Listing VS Median (in WILM #16) | |
Price: $595,000 low | high Med: $264,950 sqft: 3,000 low | high Med: 1,650 $ / sqft: $198 low | high Med: $161 On site: 16 low | high Med: 86.5 | |