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1302 Lancaster Avenue

WILMINGTON, DE 19805
  • $475,000
  • STATUS: Active
  • ON SITE: 44 Days
  • MLS #: DENC2060742
Price Reduced
$475,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,700
    SQFT
  • $176
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1919
County:

School Ratings & Info

School District:

Description

Welcome to the ultimate turnkey investment opportunity! This fully renovated property boasts a thriving rental income stream, with all units currently occupied at market rate. As you enter, a spacious common hallway invites you to explore three expansive stories of beautifully updated units. Each residence features a stunning kitchen renovation, complete with granite countertops, water-efficient toilets, new flooring, modern vanities and tub surrounds. Additional upgrades include garbage disposals, new appliances, and numerous other thoughtful touches. The main floor unit, currently rented for $1,125/month, offers a spacious living area, oversized kitchen and dining combination, two generously sized bedrooms, and a full bathroom. Enjoy rear yard and basement access, with the added convenience of a partially finished basement and crawl space. The second floor features a cozy studio apartment (currently rented for $1,000/month) and a 1BR apartment (currently rented for $1,075/month), both perfect for tenants seeking comfort and convenience. The third-floor unit, currently rented for $1,154/month, boasts a unique layout with a kitchen entrance leading to a spacious living area, bedroom, and full bathroom. All new electric and plumbing throughout the building has resulted in low maintenance calls. This property also has individual electric and water meters for each unit , further reducing operating costs. New owners can enjoy positive cash flow from day one, making this an unbeatable opportunity to dive into real estate ownership. Don't miss out on this exceptional investment chance!

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www.chesapeakebayproperties.com/homes/150178080
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1302 Lancaster Avenue WILMINGTON, DE 19805

  • Price: $475,000
  • Status: Active
  • On Site: 44 Days
  • MLS #: DENC2060742
0
Beds
0
Baths
0
½ Baths
0.04
Acres
2,700
SQFT
$176
$/SQFT
1919
Built
Neighborhood:
Wilm #22
County:
New Castle
Area:
Wilmington (30906)
School District:
Christina
Property Description
Welcome to the ultimate turnkey investment opportunity! This fully renovated property boasts a thriving rental income stream, with all units currently occupied at market rate. As you enter, a spacious common hallway invites you to explore three expansive stories of beautifully updated units. Each residence features a stunning kitchen renovation, complete with granite countertops, water-efficient toilets, new flooring, modern vanities and tub surrounds. Additional upgrades include garbage disposals, new appliances, and numerous other thoughtful touches. The main floor unit, currently rented for $1,125/month, offers a spacious living area, oversized kitchen and dining combination, two generously sized bedrooms, and a full bathroom. Enjoy rear yard and basement access, with the added convenience of a partially finished basement and crawl space. The second floor features a cozy studio apartment (currently rented for $1,000/month) and a 1BR apartment (currently rented for $1,075/month), both perfect for tenants seeking comfort and convenience. The third-floor unit, currently rented for $1,154/month, boasts a unique layout with a kitchen entrance leading to a spacious living area, bedroom, and full bathroom. All new electric and plumbing throughout the building has resulted in low maintenance calls. This property also has individual electric and water meters for each unit , further reducing operating costs. New owners can enjoy positive cash flow from day one, making this an unbeatable opportunity to dive into real estate ownership. Don't miss out on this exceptional investment chance!
Exterior Features

Architectural Style Other Construction Materials Brick Garage YN No Parking Types None Pool No Pool Roof FlatCool/White Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2700 Basement Other Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Fireplace YN No Flooring Wood Heating Other Heating YN Yes Single Room Units 1 Spa YN No Three Bedroom Units 0 Two Bedroom Units 1 Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashConventionalFHAVA Accessibility Features None Central Air YN No Cooling Fuel Electric Cross Street N. Franklin St. Electric 150 Amps Foundation Details Crawl Space Heating Fuel Electric Historic YN No Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 803042086822 Ownership Interest Fee Simple Property Sub Type Quadruplex Sale Type Standard Sewer Public SewerNo Septic System Structure Design Type Interior Row/Townhouse Tax Annual Amount 2181.00 Tax Lot 033 Vacation Rental YN No Water Source Public Zoning 26R-3

 
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