For more information or a personal tour call John & Mary now at 302-740-5872
Listing IDDENC2028566
Sold For$878,000
SqFt
4,500
Acres
0.030
StatusCLOSED
CountyNew Castle
Year Built1900
Property TypeCommercial Sale
Property Sub TypeFive Or More Units
Long term historical cash flow apartment building, located in downtown Wilmington is ready to be added to your iinvestment portfolio. Every unit has private entrance, central a/c, with tenant paid utilities excluding sewer, water & trash. This has been a cash flow property for the owner. Easy wallking to downtown business district, public transportation and off street parking is available. Call to view.
County
New Castle
Price/SqFt
206.22
Property Sub Type
Five Or More Units
Property Type
Commercial Sale
Subdivision
NONE AVAILABLE
Year Built
1900
Zoning
26C-3
Building Total SqFt Source
Estimated
Central Air
yes
Cooling Type
Central A/C
Heating
yes
Heating Type
Heat Pump - Electric BackUp
Car Parking Spaces
5
Construction Materials
Brick
Cooling Fuel
Electric
Heating Fuel
Electric
Hot Water
Electric
Lot Dimensions Source
Assessor
Lot Size Dimensions
16.00 x 75.00
Lot Size Source
Assessor
Lot Size Units
Square Feet
New Construction
no
Sewer Septic
Public Sewer
Tidal Water
no
Total Garage and Parking Spaces
10
Truck/Trailer Parking Spaces
5
Type of Parking
Off Site, Parking Lot, On Street
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
In City Limits
yes
MLS Area
Wilmington (30906)
Waterfront
no
Accessibility Features
None
Base Off Market Date
2022-12-08T00:00:00+00:00
Business Type
Apartment Building
Days on Market
29
Potential Tenancy
Multiple
Year Assessed
2021
Year Built Source
Estimated
Annual Gross Expense
11278
Automatically Update Tax Values
yes
Buyer Financing
Conventional
Cap Rate
8
Income Includes
Apartment Rentals
Net Operating Income
74268
Net SqFt
4500
Operating Expense
11278
Operating Expense Includes
Water, Sewer, Trash
Other Expense
5877
Ownership Interest
Fee Simple
Possession
Negotiable
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
3655
Tax Assessed Value
68700
Tax Lot
088
Tax Year
2021
Total Actual Rent
90048
Vacancy Allowance Rate
5
Vacation Rental
no
Listing courtesy of Meyer & Meyer Realty 3022182790
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Meyer & Meyer Realty. Data last updated on Thursday, March 28th, 2024 11:18:31 PM.
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Meyer & Meyer Realty. Data last updated on Thursday, March 28th, 2024 11:18:31 PM.
Contact - Listing ID DENC2028566
John Luca
88 Lantana Dr.
Hockessin, DE 19707
Phone: 3029996966
Phone Alt: 3027405872
Data services provided by IDX Broker