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223&225 N Maryland Avenue

WILMINGTON, DE 19804
  • $693,000
  • STATUS: Closed
  • ON SITE: 375 Days
  • ID#: DENC2045946
Sold - 03/07/2024
$693,000
SOLD - 03/07/2024
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1886
County:

School Ratings & Info

School District:

Description

Great opportunity to buy 2 apartment buildings outside of the city limits. Side-by-side buildings will be easy to rent and stay rented with little to no vacancies. This property is located in the Red Clay school district popular for renters. There are 7 total units consisting of 3- 2 bedrooms. 3- 1 bedrooms and 1 efficiency. The owners have redone the apartments over time. The photos are of various units showing the conditions and upgrades in the units. There are some with hardwood floors and some with newer LVP. The buildings have a rear entry parking lot with plenty of off-street parking. There is a nice rear yard. The tenants are a month to month leases. One of the 2 bedroom apartments is currently being renovated. All units have been updated. The building offer apartments that are both spacious and charming. Some units have screened-in porches and decks. Great positive cash flow has been consistent since ownership and the units are extremely easy to rent. The listing price is based on the ability to tap into the increased rents for the area.

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©2024 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: 2024-07-23T13:53:27.22.
www.johnkrizateam.com/homes/141465585
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223&225 N Maryland Avenue WILMINGTON, DE 19804

  • Price: $724,900
  • Status: Closed
  • On Site: 375 Days
  • Updated: 66 min ago
  • ID#: DENC2045946
0
Beds
0
Baths
0
½ Baths
0.32
Acres
1886
Built
Neighborhood:
Elsmere/Newport/Pike Creek (30903)
County:
New Castle
Area:
Elsmere/Newport/Pike Creek (30903)
School District:
Red Clay Consolidated
Property Description
Great opportunity to buy 2 apartment buildings outside of the city limits. Side-by-side buildings will be easy to rent and stay rented with little to no vacancies. This property is located in the Red Clay school district popular for renters. There are 7 total units consisting of 3- 2 bedrooms. 3- 1 bedrooms and 1 efficiency. The owners have redone the apartments over time. The photos are of various units showing the conditions and upgrades in the units. There are some with hardwood floors and some with newer LVP. The buildings have a rear entry parking lot with plenty of off-street parking. There is a nice rear yard. The tenants are a month to month leases. One of the 2 bedroom apartments is currently being renovated. All units have been updated. The building offer apartments that are both spacious and charming. Some units have screened-in porches and decks. Great positive cash flow has been consistent since ownership and the units are extremely easy to rent. The listing price is based on the ability to tap into the increased rents for the area.
Exterior Features

Construction Materials Vinyl SidingAluminum Siding Garage YN No Lot Features Rear Yard Parking Features Paved Parking Parking Types Parking Lot Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3175.00 Cooling Window Unit(s) Exclusions tenants personal property Heating Hot Water Heating YN Yes Net Square Feet 3175.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Apartment Building Buyer Financing Conventional Central Air YN No Cooling Fuel None Foundation Details Other Heating Fuel Natural Gas Hot Water Other Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 802477466920 Ownership Interest Fee Simple Possession Negotiable Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 3175.00 Tax Assessment Amount 53500.00 Tax Lot 493 Vacation Rental YN No Water Source Public Year Built Effective 2010 Zoning CN

Listing courtesy of Century 21 Gold Key Realty: .


©2024 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: 2024-07-23T13:53:27.22.
 
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402 Bayard Rd. Ste. 100
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