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2810 N Monroe Street

WILMINGTON, DE 19802
  • $1,653,107
  • STATUS: Active
  • ON SITE: 167 Days
  • ID#: DENC2011388
UPDATED: 53 min ago
$1,653,107
  • 0
    BEDS
  • 270
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1957
County:

School Ratings & Info

School District:

Description

Rare and beautiful one of a kind total rehab of an all limestone building the former old Christ Our King Rectory. 10 unit apartment building to die for. Interior completely gutted and designed by Buck Simper Architects. 2 year project including all new water, sewer, hvac and electrical systems. Separated manablock pex water lines. High efficiency gas furnaces and heat pumps with central air Separate 55 gallon hot water heaters. Painted maple cabinets with dovetail construction and soft close drawers. Class 2 granite and custom stainless steel appliances. 14 car gated parking lot with rear courtyard. Sprinkler and monitor system. 8 of the 10 units currently under lease. Open great rooms and huge basement with additional tenant storage areas and coin operated laundry. This is new turn key construction with the charm of 16 inch wide stone construction located in the heart of desirable Ninth Ward. Impossible to build or duplicate for double the price. 6.5 cap rate based on current and projected rents. All prospective applicants are subject to vigorous screening process. Updated pro forma to be provided with proof of funds or commercial approval letter. Owner is a licensed real estate agent in Delaware.

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©2022 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: 2022-05-19T15:54:17.187.
www.allisonstineteam.com/homes/123681823
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2810 N Monroe Street WILMINGTON, DE 19802

  • Price: $1,653,107
  • Status: Active
  • On Site: 167 Days
  • Updated: 53 min ago
  • ID#: DENC2011388
0
Beds
0
Baths
0
½ Baths
270
Acres
1957
Built
Neighborhood:
Ninth Ward
County:
New Castle
Area:
Wilmington (30906)
School District:
Red Clay Consolidated
Property Description
Rare and beautiful one of a kind total rehab of an all limestone building the former old Christ Our King Rectory. 10 unit apartment building to die for. Interior completely gutted and designed by Buck Simper Architects. 2 year project including all new water, sewer, hvac and electrical systems. Separated manablock pex water lines. High efficiency gas furnaces and heat pumps with central air Separate 55 gallon hot water heaters. Painted maple cabinets with dovetail construction and soft close drawers. Class 2 granite and custom stainless steel appliances. 14 car gated parking lot with rear courtyard. Sprinkler and monitor system. 8 of the 10 units currently under lease. Open great rooms and huge basement with additional tenant storage areas and coin operated laundry. This is new turn key construction with the charm of 16 inch wide stone construction located in the heart of desirable Ninth Ward. Impossible to build or duplicate for double the price. 6.5 cap rate based on current and projected rents. All prospective applicants are subject to vigorous screening process. Updated pro forma to be provided with proof of funds or commercial approval letter. Owner is a licensed real estate agent in Delaware.
Exterior Features

Construction Materials MasonryStone Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6500.00 Cooling Central A/C Heating Forced Air Heating YN Yes Net Square Feet 6500.00

Property Features

Accessibility Features 36"+ Wide HallsEntry Slope <1' Association YN No Building Permits On Hand Business Type Other Central Air YN Yes Condo YN No Cooling Fuel Electric Foundation Details Stone Heating Fuel ElectricNatural Gas Hot Water Electric Navigable Water YN N Net Operating Income 107452.00 New Construction YN No Original MLSNumber 801220808818 Ownership Interest Fee Simple Possession 61-90 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Hook/Up Avail Structure Design Type Detached Tax Annual Amount 19919.00 Tax Assessment Amount 435400.00 Vacation Rental YN No Water Source Public Hook-Up Available Zoning R3

Listing courtesy of Patterson-Schwartz - Greenville.


©2022 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: 2022-05-19T15:54:17.187.
 
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The Allison Stine Team with Northrop Realty a Long and Foster Company
209 5th Street
Bethany Beach DE, 19930