Great opportunity to buy 2 apartment buildings outside of the city limits. Side-by-side buildings will be easy to rent and stay rented with little to no vacancies. This property is located in the Red Clay school district- popular for renters. There are 7 total units consisting of 3- 2 bedrooms. 3- 1 bedrooms and 1 efficiency. The owners have redone the apartments over time. The photos are of various units showing the conditions and upgrades in the units. There are some with hardwood floors and some with newer LVP. The buildings have a rear entry parking lot with plenty of off-street parking. There is a nice rear yard. The tenants are a month to month leases. One of the 2 bedroom apartments is currently being renovated. All units have been updated. The building offer apartments that are both spacious and charming. Some units have screened-in porches and decks. Great positive cash flow has been consistent since ownership and the units are extremely easy to rent.
Sold for $693,000 on 03/07/24
$693,000
223&225 N Maryland Ave, Wilmington, DE 19804
10beds
--baths
5,000sqft
Multi Family
Built in 1886
-- sqft lot
$498,200 Zestimate®
$139/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: March 07, 2024 at 07:37am
Listed by:
Danielle Benson 302-983-0147,
Century 21 Gold Key Realty,
Co-Listing Agent: Morgan Benson 302-584-4859,
Century 21 Gold Key Realty
Bought with:
Manny Shah, RS-0024828
Century 21 Gold Key Realty
Source: Bright MLS,MLS#: DENC2045832
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
Basement
- Area: 0
Heating
- Hot Water, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Water Heater
Features
- Basement: Side Entrance
- Has fireplace: No
Interior area
- Total structure area: 5,000
- Total interior livable area: 5,000 sqft
Property
Parking
- Total spaces: 10
- Parking features: Asphalt, Parking Lot
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 0.32 Acres
- Features: Rear Yard
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 07039.30493
- Zoning: CN
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Multi Family
Materials
- Vinyl Siding, Aluminum Siding
- Foundation: Other
- Roof: Shingle
Condition
- New construction: No
- Year built: 1886
- Major remodel year: 2010
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Wilmington
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$498,200
2% more+$9,964
With Zillow Showcase(estimated)$508,164