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Description

Attention aspiring or experienced landlords! Excellent opportunity to create a portfolio and have this be the cornerstone of it, or add to an existing one. Single tax parcel, two separate structures, four units total. Main building is an all brick cape surrounded by a stone wall, set back and elevated high above Wilmington Road. Main building consists of two units; one three bedroom on the lower level, one two bedroom on the upper level and is accessed via separate exterior entrances. Basement is accessed through exterior entrance as well. Front porch for the warmer months approaching (Can't Wait...), grassy knoll area between the structures, and plenty of parking on Brylgon Ave. for all tenants and guests alike. Second structure fronting on side street has two units, one bedroom each and are accessed separately through exterior entrances. Utilities are housed on the rear of the property and accessed via outside entrance. This building also has a one car attached garage that is perfect for storage, could be rented, or combined with main floor unit to create a second bedroom and increase monthly rent. All systems separate except water. So tenants pay electric, gas, heat, ECT. Fully occupied and performing, this property creates an exceptional opportunity to take advantage of todays ultra low interest rate and friendly lending environment to put your money to work via something other than Reddit forums and create wealth the old fashioned way!

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-16T17:55:40.887.
www.allisonstineteam.com/homes/113945395
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1201 Wilmington Road NEW CASTLE, DE 19720

  • Price: $440,000
  • Status: Active
  • Updated: 49 min ago
  • ID#: DENC520500
0
Beds
0
Baths
0
½ Baths
0.24
Acres
2,400
SQFT
$183
$/SQFT
1933
Built
Neighborhood:
Baldton
County:
New Castle
Area:
New Castle/Red Lion/Del.City (30904)
School District:
Colonial
Property Description
Attention aspiring or experienced landlords! Excellent opportunity to create a portfolio and have this be the cornerstone of it, or add to an existing one. Single tax parcel, two separate structures, four units total. Main building is an all brick cape surrounded by a stone wall, set back and elevated high above Wilmington Road. Main building consists of two units; one three bedroom on the lower level, one two bedroom on the upper level and is accessed via separate exterior entrances. Basement is accessed through exterior entrance as well. Front porch for the warmer months approaching (Can't Wait...), grassy knoll area between the structures, and plenty of parking on Brylgon Ave. for all tenants and guests alike. Second structure fronting on side street has two units, one bedroom each and are accessed separately through exterior entrances. Utilities are housed on the rear of the property and accessed via outside entrance. This building also has a one car attached garage that is perfect for storage, could be rented, or combined with main floor unit to create a second bedroom and increase monthly rent. All systems separate except water. So tenants pay electric, gas, heat, ECT. Fully occupied and performing, this property creates an exceptional opportunity to take advantage of todays ultra low interest rate and friendly lending environment to put your money to work via something other than Reddit forums and create wealth the old fashioned way!
Exterior Features

Architectural Style Cape CodCarriage HouseConverted DwellingCraftsman Construction Materials Brick Exterior Features Exterior LightingSidewalksStreet Lights Garage Spaces 1.00 Garage Type Garage - Side EntryGarage - Front Entry Garage YN Yes Other Structures Above GradeBelow Grade Parking Types DrivewayDetached GarageOn Street Pool No Pool Property Condition Average Riparian Rights YN No Roof ShinglePitched Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2400 Basement UnfinishedWalkout LevelFull Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Exclusions Tenant Personal Property Fireplace YN Yes Fireplaces Total 1 Flooring CarpetHardwoodLaminatedVinyl Heating Forced AirHot Water Heating YN Yes Inclusions See Listing Agent Single Room Units 0 Spa YN No Three Bedroom Units 1 Two Bedroom Units 1 Units Furnished None Walls Ceilings Dry WallPlaster Walls

Property Features

Acceptable Financing CashConventionalExchangePrivate Accessibility Features None Assessment Year 2021 Association YN No Central Air YN Yes Cooling Fuel Electric Cross Street Brylgon Ave. Existing Lease Type Month To MonthYearly Foundation Details SlabStone Gross Income 41100.00 Heating Fuel Natural Gas Historic YN No Hot Water ElectricNatural Gas Insurance Expense 500.00 Navigable Water YN N New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Operating Expense Includes Insurance Original MLSNumber 304466917688 Other Expense 2400.00 Owner Pays InsuranceManagementSewerTaxes - Real EstateWater Ownership Interest Fee Simple Pool Expense 0.00 Possession Immediate Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 2353.00 Tax Assessment Amount 61000.00 Tax Lot 035 Total Actual Rent 41100.00 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileCommuter Rail Station 1 To 5 Miles Trash Expense 0.00 Vacation Rental YN No Water Source Public Zoning 21R-1

Listing courtesy of Alliance Realty.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Allison Stine Team with Northrop Realty a Long and Foster Company. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-09-16T17:55:40.887.
 
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The Allison Stine Team with Northrop Realty a Long and Foster Company
37077 Coastal Highway
Fenwick Island DE, 19944