🔥🏚 5 Units - Wilmington DE 💰Brandywine Village

New Castle County, Wilmington, DE, 19802
Sold
Listed at: October 31st, 2023
Price
$200,000
ARV
$450,000
Gross Margin
$250,000
Sq. Footage
3300
Type
Multifamily
Parking
On street
Year build
1920
Lot size
3920.00 sqft
Bedrooms
10
Bathrooms
4
Half Bathrooms
0
Summary

Located in the Brandywine Village area of the city. 2 Duplexes side by side with a 5th unit in the attic. 5th unit is most likely non-conforming, but even with 4 units this deal is a slam dunk. Pro - forma rent is anywhere from 4k-4.5k/month. Property is currently rented and bringing in roughly 2.7k/month, well under rented. Tenants are on month to month leases. In need of some TLC these properties would make for a great long term hold.

Property Details:

  • 2 Duplexes
  • Bed: 10 (total)
  • Bath: 4 baths
  • Sqft:  3,300
  • Lot Size Sqft: 3,920
  • Year Built: 1920
  • Heat: Oil Radiant
  • AC: Window
  • Public water & sewer
  • Rent Estimate: $4,500/month
  • Taxes: $6,468 yearly (combined)

PROPERTY IS OCCUPIED, DO NOT DISTURB. REACH OUT TODAY! 610-202-5440

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Deal is not final until EMD is received. All deals are to be Cash, Private Money, Or Hard Money Only unless otherwise indicated. We are selling our assignable contract with the seller of the property. No Conventional or FHA Financing option unless otherwise indicated. All properties are sold as-is, where-is. No contingencies are accepted of any kind. The buyer must complete all and their own due diligence before the execution of the contract. Information is gathered from public sources and we make no representations or warranties of any kind. The buyer will be responsible for all closing costs unless otherwise indicated. Buyers will need to provide a non-refundable deposit at time of contract.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Nathaniel Beekman

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Disposition manager