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1739 W 5TH Street

WILMINGTON, DE 19805
  • $209,000
  • STATUS: Pending
  • ON SITE: 43 Days
  • ID#: DENC2035974
Pending
UPDATED: 57 min ago
$209,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,400
    SQFT
  • $149
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

Welcome to 1739 W 5th St. Here is a rare opportunity to own a recently renovated multifamily duplex with amazing income potential. Location is everything, and this investment property is within walking distance to all of the famous restaurants and nightlife that Little Italy has to offer, close to Downtown Wilmington, the Business District, the Wilmington Riverfront, Trolley Square, and all of the revitalization and excitement happening in the popular City of Wilmington limits. This property offers a great investment opportunity or the chance to owner occupy one unit while renting out the other. The first floor unit features 2 bedrooms and 1 bathroom, providing plenty of space for a family or roommates. The second floor unit is a 1 bedroom 1 bathroom, perfect for a single person or couple. With its spacious units and desirable location, 1739 W 5th St is a must-see for anyone looking for a multifamily property in Wilmington. The estimated income potential at a $209,000 purchase price would be as follows. The monthly mortgage payment at a 6.15% interest rate w/ a 25% downpayment using a 30 year conventional loan would be approximately $1,088 (this includes principle, interest, taxes and insurance). The combined total monthly income potential for a 2 and 1 bedroom unit in 19805 is approximately $2,100 ($25,200 in approximate annual income potential) leaving a monthly gross cash flow of $1,012 - which would equal a total estimated annual gross cash flow income of $12,144 after paying your principle, interest, taxes and insurance. Now that is is a great return on investment!

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-03T16:53:52.977.
www.johnkrizateam.com/homes/135540621
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1739 W 5TH Street WILMINGTON, DE 19805

  • Price: $209,000
  • Status: Pending
  • On Site: 43 Days
  • Updated: 57 min ago
  • ID#: DENC2035974
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1,400
SQFT
$149
$/SQFT
1900
Built
Neighborhood:
Wilm #05
County:
New Castle
Area:
Wilmington (30906)
School District:
Red Clay Consolidated
Property Description
Welcome to 1739 W 5th St. Here is a rare opportunity to own a recently renovated multifamily duplex with amazing income potential. Location is everything, and this investment property is within walking distance to all of the famous restaurants and nightlife that Little Italy has to offer, close to Downtown Wilmington, the Business District, the Wilmington Riverfront, Trolley Square, and all of the revitalization and excitement happening in the popular City of Wilmington limits. This property offers a great investment opportunity or the chance to owner occupy one unit while renting out the other. The first floor unit features 2 bedrooms and 1 bathroom, providing plenty of space for a family or roommates. The second floor unit is a 1 bedroom 1 bathroom, perfect for a single person or couple. With its spacious units and desirable location, 1739 W 5th St is a must-see for anyone looking for a multifamily property in Wilmington. The estimated income potential at a $209,000 purchase price would be as follows. The monthly mortgage payment at a 6.15% interest rate w/ a 25% downpayment using a 30 year conventional loan would be approximately $1,088 (this includes principle, interest, taxes and insurance). The combined total monthly income potential for a 2 and 1 bedroom unit in 19805 is approximately $2,100 ($25,200 in approximate annual income potential) leaving a monthly gross cash flow of $1,012 - which would equal a total estimated annual gross cash flow income of $12,144 after paying your principle, interest, taxes and insurance. Now that is is a great return on investment!
Exterior Features

Architectural Style Other Construction Materials Brick Exterior Features Exterior LightingSidewalksStreet Lights Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1400 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplaces Total 0 Flooring LaminatedLuxury Vinyl Plank Heating 90% Forced Air Heating YN Yes Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 1

Property Features

Accessibility Features None Central Air YN No Cooling Fuel None Cross Street N Scott St Foundation Details Brick/Mortar Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 802072057858 Ownership Interest Fee Simple Possession Immediate Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Interior Row/Townhouse Tax Annual Amount 395.05 Tax Assessment Amount 14500.00 Tax Lot 316 Vacation Rental YN No Water Source Public Zoning 26R-3

Listing courtesy of Crown Homes Real Estate: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or John Kriza Real Estate Team | Beiler-Campbell Realtors. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-03T16:53:52.977.
 
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