Wilmington, DE 19802,2301 N WASHINGTON ST
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Wilmington, DE 19802,2301 N WASHINGTON ST
Wilmington, DE 19802,2301 N WASHINGTON ST
Wilmington, DE 19802,2301 N WASHINGTON ST
Wilmington, DE 19802,2301 N WASHINGTON ST

$450,000

Est. payment /mo

$450,000

Est.Price: ?

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2301 N WASHINGTON ST Wilmington, DE 19802

3,920 Sqft Lot

SOLD DATE : 03/06/2020

Key Details

Sold Price $450,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Subdivision Wilm #02

MLS Listing ID DENC489812

Style Colonial

Year Built 1930

Annual Tax Amount $2,447

Tax Year 2019

Lot Size 3,920 Sqft

Property Description

Excellent opportunity for the savvy investor to purchase this legitimate eight unit building conveniently located in the City of Wilmington on low density block with close proximity to public transportation, places of worship, schools, local grocery stores and more. Three story stand alone building constructed of brick houses three, 3 bedroom units, three 2 bedroom units and two 1 bedroom units as well as an oversized garage which also generates income. Full unfinished basement provides plenty of storage for the owner as well as some mechanical locations for hot water tanks, electric supply panel, retrofitted security cameras and private exterior entrance as well as common hallway interior entrance. Large deck structure provides nice outdoor living space for the front units and two rear units. Remainder of rear units are serviced with a fire escape into a fenced in yard with exit to W. 23rd St. The units are well kept, nicely updated and generally in good, serviceable condition. Under current ownership, the building has received several capital improvements and is professionally managed. Each unit has separate electric baseboard heat, electric hot water and electric panels. The owner pays for water/sewer and common area interior/exterior electric. Gas line on site for conversion to any specific consuming appliance that a new owner might want to install. Stable location with significant future appreciation coupled with current investment make this a desirable offering in today s low inventory market. Perfect for 1031- Exchange, crowd funded venture, or for a seasoned investor to add a quality asset to an existing portfolio.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-3

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Flooring Carpet, Hardwood, Laminated, Vinyl

Exterior

Utilities Available Cable TV Available, DSL Available, Natural Gas Available, Phone Available

Water Access N

Roof Type Flat

Building

Foundation Brick/Mortar, Block, Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Red Clay Consolidated

Others

Acceptable Financing Bank Portfolio, Cash, Conventional, Exchange, Joint Venture, Negotiable, Private

Listing Terms Bank Portfolio, Cash, Conventional, Exchange, Joint Venture, Negotiable, Private

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Joseph P Hurley III • Alliance Realty
Bought with Erik Bashford • Pantano Real Estate Inc

Jason Gareau

Broker

+1(609) 929-4486

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