1302 LANCASTER AVE Wilmington, DE 19805

Looking for a multi-family, cash flow, value add? Your search is now over! This Hilltop triplex is large and could be back in charge with a savvy new owner whom has some resources and motivation to return this property to a desirable condition and either add or start their real estate investment portfolio! Common hallway greets you upon entry and leads up three stories. Main floor unit is spacious with expansive living area, oversized kitchen/dining combination, two cozy bedrooms, full bathroom, rear yard and basement access. Basement is partial with access to crawl space for a majority of the rear portion of the structure. There are three gas meters, two electric hot water tanks, and two electric panels in the lower level. Second unit consists of the entire middle floor. Features spacious living area which provides access for two bedrooms and on the opposite side of the space is a kitchen with a spot for a table and then leads to full bathroom on the rear. There is a mechanical space which is accessible from the hallway as well as inside the unit and it provides an electric panel and hot water tank. Third level unit enters into kitchen area which then leads to living space and bedroom with full bathroom off the bedroom. Property is ready for your mechanical and cosmetic upgrades to return it to its formal glory and then to be put into service. Cash or private/hard money funding would be the best solution and once complete and occupied, a refinance into long term, stable debt could be the play. Don't miss out on an excellent opportunity to deploy your cash and creativity to acquire this property and take the deep dive into real estate ownership!