$81,000
$80,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
1302 LANCASTER AVE Wilmington, DE 19805
2,700 SqFt
Key Details
Sold Price $81,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $30
Subdivision Wilm #22
MLS Listing ID DENC2014924
Style Colonial
Year Built 1919
Annual Tax Amount $2,144
Tax Year 2021
Lot Size 1,742 Sqft
Property Description
Looking for a multi-family, cash flow, value add? Your search is now over! This Hilltop triplex is large and could be back in charge with a savvy new owner whom has some resources and motivation to return this property to a desirable condition and either add or start their real estate investment portfolio! Common hallway greets you upon entry and leads up three stories. Main floor unit is spacious with expansive living area, oversized kitchen/dining combination, two cozy bedrooms, full bathroom, rear yard and basement access. Basement is partial with access to crawl space for a majority of the rear portion of the structure. There are three gas meters, two electric hot water tanks, and two electric panels in the lower level. Second unit consists of the entire middle floor. Features spacious living area which provides access for two bedrooms and on the opposite side of the space is a kitchen with a spot for a table and then leads to full bathroom on the rear. There is a mechanical space which is accessible from the hallway as well as inside the unit and it provides an electric panel and hot water tank. Third level unit enters into kitchen area which then leads to living space and bedroom with full bathroom off the bedroom. Property is ready for your mechanical and cosmetic upgrades to return it to its formal glory and then to be put into service. Cash or private/hard money funding would be the best solution and once complete and occupied, a refinance into long term, stable debt could be the play. Don't miss out on an excellent opportunity to deploy your cash and creativity to acquire this property and take the deep dive into real estate ownership!
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Interior
Hot Water Electric
Heating Baseboard - Electric, Forced Air
Cooling None
Flooring Carpet, Vinyl
Exterior
Water Access N
Roof Type Flat
Building
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Dry Wall
New Construction N
Schools
School District Christina
Others
Acceptable Financing Cash, Private
Listing Terms Cash, Private
Special Listing Condition Standard
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Bought with Manthan Shah • Century 21 Gold Key Realty