Wilmington, DE 19806,802 N VAN BUREN ST
Wilmington, DE 19806,802 N VAN BUREN ST
Wilmington, DE 19806,802 N VAN BUREN ST
Wilmington, DE 19806,802 N VAN BUREN ST
Wilmington, DE 19806,802 N VAN BUREN ST
Wilmington, DE 19806,802 N VAN BUREN ST
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$240,000

$255,000

5.9%
Est.Price: ?

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Est. payment /mo

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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Bright MLS (BMLS)
Listed by Yasmin Bowman • PRS Real Estate Group
Bought with Renee Spruiel • RE/MAX Associates-Wilmington
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