Bought with Patrick D Lorenz • Patterson-Schwartz - Greenville
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Key Details
Sold Price $720,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DENC415044
Sold Date 05/30/19
HOA Y/N N
Year Built 1938
Annual Tax Amount $6,990
Tax Year 2018
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 46 x 155
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Turn Key apartments well located in Wilmington just outside of the Little Italy area and in Bayard Square, walkable to numerous community amenities. 10 total units, consisting of 2 brick structures, each with 5 one-bedroom apartment units. Situated at the corner of S. Scott and Chestnut Streets with abundant on-street parking. Designed and constructed as apartment units this is a turn key investment with all units fully rented. Each unit features hardwood floors spacious living spaces, well scaled kitchens, tiled bathrooms, six panel doors, and vinyl replacement windows. Separate gas boilers provide radiant heat to each unit, electric hot water, separate circuit breaker panels for each unit, results in utilities billed directly to tenant by local utility. Water and sewer are an owner expense. On-site coin operated laundry service (owned by the owner) generates additional income, tenant storage lockers and owner storage area are additional features.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Interior
Hot Water Electric
Heating Hot Water, Radiant
Cooling None
Flooring Ceramic Tile, Hardwood, Laminated
Heat Source Natural Gas
Exterior
Utilities Available Cable TV, Electric Available, Natural Gas Available, Phone, Sewer Available
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Lot Description Corner
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Stubbs
Middle Schools Bayard
High Schools Newark
School District Christina
Others
Tax ID 26-033.20-073
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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