$240,000
$255,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
2,250 SqFt
SOLD DATE : 07/10/2017
Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $106
Subdivision Cool Spring
MLS Listing ID 1000064120
Sold Date 07/10/17
Style Other
HOA Y/N N
Abv Grd Liv Area 2,250
Originating Board TREND
Year Built 1889
Annual Tax Amount $2,908
Tax Year 2016
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 17X96
Property Description
Attention investors looking for instant cash flow, easy management and good ROI without the hassle of up-front renovations, carrying costs, income deferral, deferred maintenance or tenant disruption / placement. This is a turn key, well-performing, income-generating, updated apartment triplex building with current rents. Located in popular, super-convenient, charming, historic Cool Springs district. Among this attractive community's draws are a weekly organic farmer's market, open air entertainment, fountains, beautiful historical homes, great walking sights and a short walk to downtown. The building's location being highly accessible to many amenities, unique floor plans, charming historical design, large bedrooms and excellent closet / storage space all make its apartments highly desirable in the rental market. Many updates have been completed by current owners including separate gas-fired heaters, hot water heaters and central A/C compressors so tenants pay all utilities directly (except sewer and water) for more consistent ROI. Stackable clothes washers and dryers are in each unit. Charming apartments in nice condition. Building is fully occupied with long term tenants in place with rents being current. Notoriously low property taxes in DE contribute to favorable capitalization rates vs neighboring states. Super-convenient location walking distance to the Interstate-95 on-ramp; downtown Wilmington business center; national banking capital and entertainment center, Wilmington Riverfront and Trolley Square dining & entertainment district. Building is in a beautiful historical district but is not on the Historical Registry.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished
Interior
Hot Water Natural Gas
Heating Gas
Cooling Central A/C
Flooring Fully Carpeted
Fireplace N
Heat Source Natural Gas
Laundry Washer In Unit
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-027.40-283
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Renee Spruiel • RE/MAX Associates-Wilmington
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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