$240,000
$255,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
802 N VAN BUREN ST Wilmington, DE 19806
2,250 SqFt
Key Details
Sold Price $240,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $106
Subdivision Cool Spring
MLS Listing ID 1000064120
Style Other
Year Built 1889
Annual Tax Amount $2,908
Tax Year 2016
Lot Size 1,742 Sqft
Property Description
Attention investors looking for instant cash flow, easy management and good ROI without the hassle of up-front renovations, carrying costs, income deferral, deferred maintenance or tenant disruption / placement. This is a turn key, well-performing, income-generating, updated apartment triplex building with current rents. Located in popular, super-convenient, charming, historic Cool Springs district. Among this attractive community's draws are a weekly organic farmer's market, open air entertainment, fountains, beautiful historical homes, great walking sights and a short walk to downtown. The building's location being highly accessible to many amenities, unique floor plans, charming historical design, large bedrooms and excellent closet / storage space all make its apartments highly desirable in the rental market. Many updates have been completed by current owners including separate gas-fired heaters, hot water heaters and central A/C compressors so tenants pay all utilities directly (except sewer and water) for more consistent ROI. Stackable clothes washers and dryers are in each unit. Charming apartments in nice condition. Building is fully occupied with long term tenants in place with rents being current. Notoriously low property taxes in DE contribute to favorable capitalization rates vs neighboring states. Super-convenient location walking distance to the Interstate-95 on-ramp; downtown Wilmington business center; national banking capital and entertainment center, Wilmington Riverfront and Trolley Square dining & entertainment district. Building is in a beautiful historical district but is not on the Historical Registry.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Rooms
Other Rooms Primary Bedroom
Interior
Hot Water Natural Gas
Heating Gas
Cooling Central A/C
Flooring Fully Carpeted
Laundry Washer In Unit
Exterior
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Red Clay Consolidated
Others
Acceptable Financing Conventional
Listing Terms Conventional
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Renee Spruiel • RE/MAX Associates-Wilmington