1302 LANCASTER AVE
1302 LANCASTER AVE
WILM #22
WILMINGTON, DE 19805
MLS Number: DENC2060742
$495,000
Description
- Welcome to the ultimate turnkey investment opportunity! This fully renovated property boasts a thriving rental income stream, with all units currently occupied at market rate. As you enter, a spacious common hallway invites you to explore three expansive stories of beautifully updated units. Each residence features a stunning kitchen renovation, complete with granite countertops, water-efficient toilets, new flooring, modern vanities and tub surrounds. Additional upgrades include garbage disposals, new appliances, and numerous other thoughtful touches. The main floor unit, currently rented for $1,125/month, offers a spacious living area, oversized kitchen and dining combination, two generously sized bedrooms, and a full bathroom. Enjoy rear yard and basement access, with the added convenience of a partially finished basement and crawl space. The second floor features a cozy studio apartment (currently rented for $1,000/month) and a 1BR apartment (currently rented for $1,075/month), both perfect for tenants seeking comfort and convenience. The third-floor unit, currently rented for $1,154/month, boasts a unique layout with a kitchen entrance leading to a spacious living area, bedroom, and full bathroom. This property offers the ultimate in peace of mind, with all gas meters and lines eliminated, and individual electric and water meters for each unit. New owners can enjoy positive cash flow from day one, making this an unbeatable opportunity to dive into real estate ownership. Don't miss out on this exceptional investment chance!
General Details
- Lot Area: 1,742
- Property Type: Quadruplex
- County: NEW CASTLE
- Year Built: 1919
- Sub-Division: WILM #22
- Historical District: N
- Area: 2700
- Sewer: Public Sewer,No Septic System
Community Information
- Zoning: 26R-3
Exterior Features
- Foundation: Crawl Space
- Garage(s): N
- Pool: No Pool
- Roof: Flat,Cool/White
- Style: Other
- Waterfront: N
- Waterview: N
Interior Features
- Basement: Y
- Flooring: Wood
- Heating: Other
- Cooling: N
- Fireplace: N
- Water: Public
Lot Information
- SqFt: 1,742
- Dimensions: 20.00 x 90.50
School Information
- School District: CHRISTINA
Fees & Taxes
- City Taxes: $1,448
- County Taxes: $1,351
Other Info
- Listing Courtesy Of: Century 21 Gold Key Realty