2111 N WASHINGTON STREET, Wilmington, DE 19802

$499,900 Asking Price

5 beds
4 baths
2,250  sqft
Built in 1900

Multi-Family Property that produces a great income with four rentable units located near the Triangle area in the City of Wilmington! This well maintained building is situated on a wide quiet street with parking on both sides of the road for the tenants and is located in a convenient spot near I-95. With the inviting front porch and historic charm this building has great curb appeal. Entering the property through the main door there is a vestibule for mail and then a secure door to enter the building. Unit 1 features two bedrooms with a spacious kitchen which is large enough for a table and includes a large pantry, gas cooking, and a newer LVP floor. There is also a separate living room, full bath, and a large hallway closet. There is a bonus room off the back of one of the bedrooms that can used in many ways. Units 2 and 3 are located on the second floor and unit 4 is located on the third floor. All three of these units are currently occupied and will be income producing right from the start! This property is equipped with separated gas meters, water heaters, electric panels, and heaters making it extra appealing for an investor renting the units. With adding a tenant to the unit 1 this property would bring in a total income of close to $5,000 a month! Having the first floor unit vacant allows for an owner occupant investor as well. Schedule your showing today so you don’t miss out on this great investment opportunity!

Features & Amenities

Interior

Basement:
Full
A/C:
Window Unit(s)
Heating:
Y, Hot Water, Natural Gas
Disability Feature:
None

Exterior

General:
Above Grade,Below Grade
Style:
Colonial

Construction

Roofing:
Flat
General:
Brick, 3, Stone

Location

Originating MLS:
BRIGHT_MAIN
School District:
RED CLAY CONSOLIDATED
County:
NEW CASTLE

Lot

Zoning:
26R-2, 26-022.10-224

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
BRIGHT_MAIN
Exclusions:
Tenants Personal Property

This listing courtesy of:
RE/MAX Point Realty, Jacob S Ryan

About Wilmington, DE

Housing

Number of Units
97,766
Median Home Value
$285,452
Median Rent
$964

36.50% of housing units are renter occupied.

7.24% are vacant.

Commute

Car
67.77%
Public Transportation
4.49%
Walk to Work
2.54%
Work from Home
24.61%
Other
0.25%

The median travel time to work is 20 minutes.

People

Population
220,356
Median Age
40.50
Median Household Size
2.47

Education

High School
31.55%
Associate’s Degree
6.50%
Bachelor’s Degree
21.70%
Graduate Degree
16.21%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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