Bought with Kerri L Molnar • Keller Williams Realty Wilmington
$410,000
$415,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
2,016 SqFt
SOLD DATE : 10/24/2025
Key Details
Sold Price $410,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $203
MLS Listing ID DENC2088762
Sold Date 10/24/25
Style Colonial
Abv Grd Liv Area 2,016
Year Built 1910
Available Date 2025-09-05
Annual Tax Amount $1,477
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 45.00 x 100.00
Property Sub-Type Detached
Source BRIGHT
Property Description
Turnkey Investment Opportunity – Fully Renovated 3-Unit Apartment Building
Discover an exceptional investment opportunity in the heart of a charming small town – a fully renovated, income-generating 3-unit apartment building that combines modern luxury with small-town appeal.
This property has been meticulously updated from top to bottom, including all-new electrical, HVAC, and plumbing systems, ensuring long-term peace of mind and reduced maintenance costs for years to come.
Each of the three spacious units features brand-new luxury vinyl plank flooring, adding durability and style throughout. The high-end kitchens are outfitted with sleek granite countertops, new cabinetry, and modern appliances, offering both functionality and a touch of elegance. Bathrooms have been fully updated, reflecting contemporary finishes and thoughtful design.
With all units currently fully leased, this property offers immediate cash flow in a sought-after, quaint small-town setting known for its friendly community and strong rental demand.
Whether you're a seasoned investor or just starting your portfolio, this turnkey property checks every box – modern systems, designer finishes, and solid income. Don't miss this rare opportunity!
Location
State DE
County New Castle
Area New Castle/Red Lion/Del.City (30904)
Zoning 22R-1
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Forced Air
Cooling Ductless/Mini-Split
Flooring Luxury Vinyl Plank
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 3.0
Water Access N
Roof Type Architectural Shingle
Accessibility None
Total Parking Spaces 3
Garage N
Building
Foundation Block
Above Ground Finished SqFt 2016
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Southern
Middle Schools Gunning Bedford
High Schools William Penn
School District Colonial
Others
Tax ID 22-008.00-056
Ownership Fee Simple
SqFt Source 2016
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
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Nearby Locations
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651 north broad st #106, Middletown, Delaware, 19709, USA