For Sale

Listed by Joseph Hurley

Source: Bright MLS #DENC520500

1201 Wilmington Rd, New Castle, DE, 19720

$440,000

1
0.24 ac.

MultiFam

•

30+ days on the market

What's around 1201 Wilmington Rd

About this property

Attention aspiring or experienced landlords! Excellent opportunity to create a portfolio and have this be the cornerstone of it, or add to an existing one. Single tax parcel, two separate structures, four units total. Main building is an all brick cape surrounded by a stone wall, set back and elevated high above Wilmington Road. Main building consists of two units; one three bedroom on the lower level, one two bedroom on the upper level and is accessed via separate exterior entrances. Basement is accessed through exterior entrance as well. Front porch for the warmer months approaching (Can't Wait...), grassy knoll area between the structures, and plenty of parking on Brylgon Ave. for all tenants and guests alike. Second structure fronting on side street has two units, one bedroom each and are accessed separately through exterior entrances. Utilities are housed on the rear of the property and accessed via outside entrance. This building also has a one car attached garage that is perfect for storage, could be rented, or combined with main floor unit to create a second bedroom and increase monthly rent. All systems separate except water. So tenants pay electric, gas, heat, ECT. Fully occupied and performing, this property creates an exceptional opportunity to take advantage of todays ultra low interest rate and friendly lending environment to put your money to work via something other than Reddit forums and create wealth the old fashioned way!

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