$149,000
$149,900
0.6%For more information regarding the value of a property, please contact us for a free consultation.
1318 W 7TH ST Wilmington, DE 19805
2,700 SqFt
Key Details
Sold Price $149,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $55
Subdivision Cool Spring
MLS Listing ID 1001751985
Sold Date 12/15/17
Style Other
HOA Y/N N
Abv Grd Liv Area 2,700
Originating Board TREND
Year Built 1920
Annual Tax Amount $3,028
Tax Year 2016
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 21X134
Property Description
Investor Alert! Large 3-unit apartment building for sale in Cool Springs. Conveniently located minutes to the highway, near bus routes, downtown Wilmington, and the Riverfront, this building presents a great opportunity for an owner-occupant to live in one unit and let the tenants pay the mortgage or would be a nice addition to a growing real estate portfolio. The large first floor apartment features 1 bedroom with a den/potential 2nd bedroom, 2 full baths, living room, formal dining room and kitchen and was previously rented for $925/mo. The 2nd floor apartment is currently rented for $825/mo. through the Section 8 program to a long term tenant who would like to stay. This apartment features 2 bedrooms, 1 bathroom, living room, kitchen and rear porch with private laundry room. The private 3rd floor apartment features 1 large bedroom, 1 bathroom, a spacious living room, kitchen and previously rented for $750. All apartments feature wonderful views of the Tilton Park, which is located directly across the street and there is a coin-operated washer and dryer in the basement for apartments 1 and 3, providing additional income. All units are separately metered for electric. Landlord pays heat and water. This property has fallen on hard times and will need a bit of TLC to make this diamond in the rough shine again. Property is being sold in as-is condition and cash or renovation financing would be the best financing options. This building will need some work, but has great rental potential.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Rooms
Other Rooms Primary Bedroom
Basement Full, Unfinished
Interior
Hot Water Electric
Heating Oil, Radiator
Cooling Wall Unit
Fireplace N
Heat Source Oil
Laundry Washer In Unit, Dryer In Unit, Common
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
New Construction N
Schools
Elementary Schools William C. Lewis Dual Language
Middle Schools Skyline
High Schools Alexis I. Dupont
School District Red Clay Consolidated
Others
Tax ID 26-027.30-368
Ownership Fee Simple
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