$450,000
$450,000
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2301 N WASHINGTON ST Wilmington, DE 19802
10,000 SqFt
Key Details
Sold Price $450,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $45
Subdivision Wilm #02
MLS Listing ID DENC489806
Sold Date 03/06/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $2,447
Tax Year 2019
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 50.00 x 82.00
Property Description
Excellent opportunity for the savvy investor to purchase this legitimate eight unit building conveniently located in the City of Wilmington on low density block with close proximity to public transportation, places of worship, schools, local grocery stores and more. Three story stand alone building constructed of brick houses three, 3 bedroom units, three 2 bedroom units and two 1 bedroom units as well as an oversized garage which also generates income. Full unfinished basement provides plenty of storage for the owner as well as some mechanical locations for hot water tanks, electric supply panel, retrofitted security cameras and private exterior entrance as well as common hallway interior entrance. Large deck structure provides nice outdoor living space for the front units and two rear units. Remainder of rear units are serviced with a fire escape into a fenced in yard with exit to W. 23rd St. The units are well kept, nicely updated and generally in good, serviceable condition. Under current ownership, the building has received several capital improvements and is professionally managed. Each unit has separate electric baseboard heat, electric hot water and electric panels. The owner pays for water/sewer and common area interior/exterior electric. Gas line on site for conversion to any specific consuming appliance that a new owner might want to install. Stable location with significant future appreciation coupled with current investment make this a desirable offering in today s low inventory market. Perfect for 1031- Exchange, crowd funded venture, or for a seasoned investor to add a quality asset to an existing portfolio.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Interior
Hot Water Multi-tank, Electric
Heating Baseboard - Electric
Cooling None
Flooring Carpet, Hardwood, Laminated, Vinyl
Heat Source Electric
Exterior
Utilities Available Cable TV Available, DSL Available, Natural Gas Available
Waterfront N
Water Access N
Roof Type Flat,Slate
Accessibility None
Parking Type On Street
Garage N
Building
Foundation Block, Brick/Mortar, Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-022.10-157
Ownership Fee Simple
SqFt Source Assessor
Security Features Surveillance Sys,Smoke Detector,Non-Monitored,Main Entrance Lock,Exterior Cameras
Acceptable Financing Bank Portfolio, Cash, Conventional, Exchange, Joint Venture, Negotiable, Private
Listing Terms Bank Portfolio, Cash, Conventional, Exchange, Joint Venture, Negotiable, Private
Financing Bank Portfolio,Cash,Conventional,Exchange,Joint Venture,Negotiable,Private
Special Listing Condition Standard
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Bought with Erik Bashford • Pantano Real Estate Inc