Wilmington, DE 19805,528 N CLAYTON ST
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Wilmington, DE 19805,528 N CLAYTON ST
Wilmington, DE 19805,528 N CLAYTON ST
Wilmington, DE 19805,528 N CLAYTON ST
Wilmington, DE 19805,528 N CLAYTON ST

$215,000

Est. payment /mo

$195,000

10.3%
Est.Price: ?

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528 N CLAYTON ST Wilmington, DE 19805

1,307 Sqft Lot

SOLD DATE : 05/02/2022

Key Details

Sold Price $215,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Subdivision Wilm #23

MLS Listing ID DENC2019906

Style Unit/Flat

Year Built 1920

Annual Tax Amount $497

Tax Year 2021

Lot Size 1,307 Sqft

Property Description

INVESTOR ALERT! This rare triplex in Wilmington, Delaware just hit the market. With a cap rate of 11%, this could be yours to start building your portfolio. Unit A is a one bedroom, one bathroom apartment that is vacant but could be rented for $795 per month. Unit B is a huge two bedroom, one bathroom apartment. The current tenants are paying $795 per month but the potential rent is easily $900. Unit C is a commercial space being used as a barber shop, and the monthly rent is $550. Both tenants would love to stay in the property. There is also a garage on the side of the property that is included in the sale, and could easily be rented for $100 per month. Owner pays water and sewer. Tenants are responsible for gas and electric. This property won't last long. **This property is zoned Residential, but requires a non-conforming variance for the commercial space which has been grandfathered in. The variance is in place and requires a renewal every two years.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-3

Interior

Hot Water Natural Gas

Heating Radiant

Cooling Window Unit(s)

Exterior

Parking Features Garage - Side Entry

Garage Spaces 1.0

Water Access N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Red Clay Consolidated

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Heather Sinclair • Empower Real Estate, LLC
Bought with Erik Bashford • EXP Realty, LLC

Jason Gareau

Broker

+1(609) 929-4486

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