2,178 Sqft Lot
2,178 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID DENC2096938
Style Other
Year Built 1928
Annual Tax Amount $12,804
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 24.50 x 117.50
Property Sub-Type Quadruplex
Source BRIGHT
Property Description
Upstairs: 4 fully occupied two-bedroom apartments. Renovated in 2020, these industrial-chic floorplans display 15 ft ceilings, exposed brick, plus open duct, beam and woodwork for a lofted, urban appeal. Situated on a main commerce street among Christiana Care, Widener Law and the city's corporate hub.
Generating upwards of $91,000 in annual residential revenue, the pro forma projects a prospective double-digit capitalization rate with an establishment in place. Done with love, reach out for details on the brand-new plumbing, HVAC and electrical fit-out with separated systems. For those who have lost hope in real returns, for business operators, and for investors looking to complete an exchange, this is an optimal addition to your portfolio.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26C-3
Rooms
Basement Poured Concrete, Outside Entrance, Walkout Stairs, Interior Access
Interior
Interior Features Ceiling Fan(s), Elevator, Exposed Beams, Primary Bath(s), Sprinkler System, Upgraded Countertops
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Luxury Vinyl Plank
Fireplace N
Heat Source Electric
Exterior
Water Access N
Roof Type Rubber
Accessibility Elevator
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Beamed Ceilings,Brick,Dry Wall,Wood Ceilings
New Construction N
Schools
School District Christina
Others
Tax ID 26-035.20-085
Ownership Fee Simple
Security Features Fire Detection System
Special Listing Condition Standard
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