Edward "Ed" Hammond
302-678-4300
SOLD
$450,000
Date 03/06/2020

2301 N Washington Street
Wilmington, DE 19802

Apartment Building
Residence
0.09
Acre Lot
1of
Photos
Map
Courtesy: Alliance Realty
brightmlshomes.com> Delaware> Wilmington> 19802
Excellent opportunity for the savvy investor to purchase this legitimate eight unit building conveniently located in the City of Wilmington on low density block with close proximity to public transportation, places of worship, schools, local grocery stores and more. Three story stand alone building constructed of brick houses three, 3 bedroom units, three 2 bedroom units and two 1 bedroom units as well as an oversized garage which also generates income. Full unfinished basement provides plenty of storage for the owner as well as some mechanical locations for hot water tanks, electric supply panel, retrofitted security cameras and private exterior entrance as well as common hallway interior entrance. Large deck structure provides nice outdoor living space for the front units and two rear units. Remainder of rear units are serviced with a fire escape into a fenced in yard with exit to W. 23rd St. The units are well kept, nicely updated and generally in good, serviceable condition. Under current ownership, the building has received several capital improvements and is professionally managed. Each unit has separate electric baseboard heat, electric hot water and electric panels. The owner pays for water/sewer and common area interior/exterior electric. Gas line on site for conversion to any specific consuming appliance that a new owner might want to install. Stable location with significant future appreciation coupled with current investment make this a desirable offering in today~s low inventory market. Perfect for 1031- Exchange, crowd funded venture, or for a seasoned investor to add a quality asset to an existing portfolio.
DENC489806
Apartment Building
NEW CASTLE
1930
0.09 Acres
Electric Water Heater, Public Water Service
Public Sewer
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Data Provided by Onboard
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Alliance Realty
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