Wilmington, DE 19805,547 HOMESTEAD RD
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Wilmington, DE 19805,547 HOMESTEAD RD
Wilmington, DE 19805,547 HOMESTEAD RD
Wilmington, DE 19805,547 HOMESTEAD RD
Wilmington, DE 19805,547 HOMESTEAD RD

$185,000

Est. payment /mo

$180,000

2.8%
Est.Price: ?

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547 HOMESTEAD RD Wilmington, DE 19805

1,575 SqFt

SOLD DATE : 08/26/2022

Key Details

Sold Price $185,000

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,575 sqft

Price per Sqft $117

Subdivision Alban Park

MLS Listing ID DENC2027216

Style Colonial

Year Built 1960

Annual Tax Amount $1,309

Tax Year 2021

Lot Size 3,049 Sqft

Property Description

Looking to be a landlord of a multi-family building? Then this may be the opportunity you've been touting! Welcome to Alban Park! Located just on the outskirts of the City of Wilmington proper and nestled within close proximity to the Riverfront District of downtown. Homestead Rd. features an abundance of purposefully built, multi-family buildings from a bygone era. Each building features two, 2 bedroom apartments with a common area basement space for storage as well as a two car garage and driveway out back. Each unit has separate electric, gas, and water so tenants pay everything. Walk in the split foyer hallway and go up to the first floor unit on your right. Great room entrance followed by open dining and kitchen space combination. Hallway leads to full bathroom and two sizable bedrooms with ample storage capacity on the rear of the unit. Upper floor unit is a mirror of this space. Currently, the main floor is occupied with a tenant paying $850, Section 8 subsidized, on a month-to-month lease. Second floor unit is empty, features fresh cosmetics, and has an SRAP subsidized tenant set to take possession in August. Excellent opportunity to purchase two for the price of one and get the cash flowing!

Location

State DE

County New Castle

Area Elsmere/Newport/Pike Creek (30903)

Zoning NC5

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Flooring Carpet, Laminate Plank, Vinyl, Hardwood

Exterior

Garage Spaces 2.0

Water Access N

Roof Type Flat,Shingle

Building

Foundation Block

Sewer Public Sewer

Water Public

Structure Type Dry Wall

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 Joseph P Hurley III • Pantano Real Estate Inc
Bought with Michael Lewis • Crown Homes Real Estate

Jason Gareau

Broker

+1(609) 929-4486

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