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Key Details
Sold Price $550,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,750 sqft
Price per Sqft $200
Subdivision Trolley Square
MLS Listing ID DENC528000
Sold Date 06/24/21
Style Victorian
HOA Y/N N
Abv Grd Liv Area 2,750
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $4,967
Tax Year 2020
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Two words best describe this Trolley Square apartment building, TURN-KEY! Comprised of one 2BR and three 1BR apartments, this investment is ready for it's next owner. All four tenants were professionally vetted and screened. All four units have been updated, including a massive first floor 2BR unit with an open concept kitchen/living room and in-unit laundry. The building screams character with a two-story turret and period architectural details throughout. Many major building components have been recently replaced (roof 2018) and the slate facade was repaired and fully painted to complete a low-maintenance exterior. Rents are $1,350, $1,000, $930, and $895. All leases are annual. Electric is split per unit, including a house meter for common areas. There is a central gas-fired Weil McLean boiler. The basement houses laundry and extra storage. Owner-paid utilities average about $400/month and include heat, common area electric, and water/sewer. Add this to your investors list, it won't last long!
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning R2A
Rooms
Basement Unfinished
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Exterior Feature Porch(es)
Water Access N
Accessibility None
Porch Porch(es)
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-020.20-244
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
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Bought with Jordan Oncay • Long & Foster Real Estate, Inc.