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Key Details
Sold Price $215,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Wilm #23
MLS Listing ID DENC2019906
Sold Date 05/02/22
Style Unit/Flat
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $497
Tax Year 2021
Lot Size 1,307 Sqft
Acres 0.03
Lot Dimensions 20.00 x 75.00
Property Description
INVESTOR ALERT! This rare triplex in Wilmington, Delaware just hit the market. With a cap rate of 11%, this could be yours to start building your portfolio. Unit A is a one bedroom, one bathroom apartment that is vacant but could be rented for $795 per month. Unit B is a huge two bedroom, one bathroom apartment. The current tenants are paying $795 per month but the potential rent is easily $900. Unit C is a commercial space being used as a barber shop, and the monthly rent is $550. Both tenants would love to stay in the property. There is also a garage on the side of the property that is included in the sale, and could easily be rented for $100 per month. Owner pays water and sewer. Tenants are responsible for gas and electric. This property won't last long. **This property is zoned Residential, but requires a non-conforming variance for the commercial space which has been grandfathered in. The variance is in place and requires a renewal every two years.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Radiant
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Garage Garage - Side Entry
Garage Spaces 1.0
Waterfront N
Water Access N
Accessibility None
Parking Type Detached Garage, On Street
Total Parking Spaces 1
Garage Y
Building
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-027.30-107
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Erik Bashford • EXP Realty, LLC
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