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612 Concord Avenue

WILMINGTON, DE 19802
  • $245,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: DENC2036888
Price Reduced
UPDATED: 17 min ago
$245,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,550
    SQFT
  • $158
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Great investment opportunity! Revenue, $81,000/year in 2021 including $30,000 in short-term guests through private arrangement.. 5 individually reservable AirBnb rooms at approx $80/night. Revenue from AirBNB for the 3 upstairs units 2021 was over $50,000. Long-term guests paid $2500/month for the lower bedrooms. This 2 Unit is a very versatile property and is a prime candidate for investor, Airbnb entrepreneur, or owner/occupant: here is your opportunity to own a beautiful, well-maintained twin with two separate units with 5 rooms individually keyed for guest stay. The lower level could easily be converted back to an owner suite while renting out the upper level to tenants or Airbnb guests! Beautifully renovated from top to bottom, this home offers both the charm and convenience of city living. Entry to the lower level off the expansive front porch through an original glass front door, into a large foyer with painted oak flooring and a large storage closet, and a door to the utility basement. To the left, the original living room has been converted to a bedroom, adorned with a wall of built-in shelving/cabinets and newer windows. Straight back from entry is the second bedroom, offered with carpet, a lighted ceiling fan, and a double closet. The common kitchen has been completely updated and modernized, and includes a chandelier with LED lighting, plentiful cabinets, a formica countertops with tiled backsplash, a Samsung stainless French refrigerator, five-burner GE gas stove, a stainless steel microhood, dual sink with sprayer and garbage disposal, and luxury wood-simulated flooring. There is room for a small table and seating at the side countertop. Just beyond is the common bathroom, with a tiled tub/shower, newer vanity and tiled floor. A mud/laundry room, complete with stacked washer/dryer and cabinets, provides entry to the fenced rear yard, which includes a patio for outside dining. The second unit, with entry through an additional front door, offers beach-themed charm throughout. There are three large bedrooms with classic accents, all with newer carpet, lighted ceiling fans, and plentiful closet space, again, each keyed separately. The charming common kitchen has room for a table, and includes a Whirlpool stainless fridge, a four-burner GE gas stove with range hood, plentiful cabinets with tiled backsplash, and a large pantry. This room opens onto a lovely sunny deck overlooking the fenced yard. The large full bath on this floor includes a claw-footed tub, tiled floor and a newer vanity. Access to the partially floored attic is from the main hall providing ample storage space. Heated by natural gas, and cooled by ceiling fans and window units, each unit has separate metering for electric, gas hot water heaters, and gas furnaces. Now back on the market as previous buyer got cold feet. Property is set-up for 2 units with separate entrances, hot water, gas and electric. Two rental stickers can be found in electrical panel. This property had multi status with the City of Wilmington in 2019, and it reverted to back to single family after a period of vacancy. If multi-unit status is important to the new owner, they owner would need to make application with the City of Wilmington to reinstate the multi status. The upper and lower units could also be combined by removal of a non-structural wall in the foyers. Get started on your investment journey and schedule your private tour today!

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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: 2023-01-30T19:50:21.47.
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612 Concord Avenue WILMINGTON, DE 19802

  • Price: $245,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 17 min ago
  • ID#: DENC2036888
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1,550
SQFT
$158
$/SQFT
1920
Built
Neighborhood:
Wilmington
County:
New Castle
Area:
Wilmington (30906)
Elementary School:
Warner
Middle School:
Skyline
High School:
Dickinson
School District:
Red Clay Consolidated
Property Description
Great investment opportunity! Revenue, $81,000/year in 2021 including $30,000 in short-term guests through private arrangement.. 5 individually reservable AirBnb rooms at approx $80/night. Revenue from AirBNB for the 3 upstairs units 2021 was over $50,000. Long-term guests paid $2500/month for the lower bedrooms. This 2 Unit is a very versatile property and is a prime candidate for investor, Airbnb entrepreneur, or owner/occupant: here is your opportunity to own a beautiful, well-maintained twin with two separate units with 5 rooms individually keyed for guest stay. The lower level could easily be converted back to an owner suite while renting out the upper level to tenants or Airbnb guests! Beautifully renovated from top to bottom, this home offers both the charm and convenience of city living. Entry to the lower level off the expansive front porch through an original glass front door, into a large foyer with painted oak flooring and a large storage closet, and a door to the utility basement. To the left, the original living room has been converted to a bedroom, adorned with a wall of built-in shelving/cabinets and newer windows. Straight back from entry is the second bedroom, offered with carpet, a lighted ceiling fan, and a double closet. The common kitchen has been completely updated and modernized, and includes a chandelier with LED lighting, plentiful cabinets, a formica countertops with tiled backsplash, a Samsung stainless French refrigerator, five-burner GE gas stove, a stainless steel microhood, dual sink with sprayer and garbage disposal, and luxury wood-simulated flooring. There is room for a small table and seating at the side countertop. Just beyond is the common bathroom, with a tiled tub/shower, newer vanity and tiled floor. A mud/laundry room, complete with stacked washer/dryer and cabinets, provides entry to the fenced rear yard, which includes a patio for outside dining. The second unit, with entry through an additional front door, offers beach-themed charm throughout. There are three large bedrooms with classic accents, all with newer carpet, lighted ceiling fans, and plentiful closet space, again, each keyed separately. The charming common kitchen has room for a table, and includes a Whirlpool stainless fridge, a four-burner GE gas stove with range hood, plentiful cabinets with tiled backsplash, and a large pantry. This room opens onto a lovely sunny deck overlooking the fenced yard. The large full bath on this floor includes a claw-footed tub, tiled floor and a newer vanity. Access to the partially floored attic is from the main hall providing ample storage space. Heated by natural gas, and cooled by ceiling fans and window units, each unit has separate metering for electric, gas hot water heaters, and gas furnaces. Now back on the market as previous buyer got cold feet. Property is set-up for 2 units with separate entrances, hot water, gas and electric. Two rental stickers can be found in electrical panel. This property had multi status with the City of Wilmington in 2019, and it reverted to back to single family after a period of vacancy. If multi-unit status is important to the new owner, they owner would need to make application with the City of Wilmington to reinstate the multi status. The upper and lower units could also be combined by removal of a non-structural wall in the foyers. Get started on your investment journey and schedule your private tour today!
Exterior Features

Architectural Style Side-By-Side Construction Materials BrickVinyl Siding Exterior Features SidewalksStreet LightsFire Escape Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Property Condition Very GoodGoodAverage 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 1550 Appliances Built-In MicrowaveDishwasherDisposalDryerOven/Range - GasRefrigeratorWasherWater Heater Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Exclusions See Inclusions/Exclusions List Fireplace YN No Fireplaces Total 0 Flooring CarpetWoodLuxury Vinyl Plank Heating Hot Water Heating YN Yes Inclusions See Inclusions/Exclusions List Interior Features 2nd KitchenAtticBreakfast AreaBuilt-InsCarpetCeiling Fan(S)Chair RailingsEntry Level BedroomKitchen - IslandWood Floors Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 1

Property Features

Acceptable Financing CashSeller Financing Accessibility Features None Assessment Year 2021 Central Air YN No Cooling Fuel Natural Gas Electric 100 Amp ServiceCircuit Breakers120/240V Foundation Details Stone Gross Income 87000.00 Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Navigable Water YN N New Construction YN No Number Of Units Leased 0 Number Of Units Total 2 Original MLSNumber 802106175132 Ownership Interest Fee Simple Possession ImmediateNegotiable Property Sub Type Duplex Sale Type Standard Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 2367.00 Tax Assessment Amount 36800.00 Tax Lot 039 Utilities Natural Gas AvailablePhone Vacation Rental YN No Water Source Public Window Features ReplacementScreensBay/Bow Zoning 26R-2

Listing courtesy of Keller Williams Realty Wilmington: .


©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: 2023-01-30T19:50:21.47.
 
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