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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

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    $3,920/mo

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    $3,920/mo

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    What's special

    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.

    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#: DENC2045832MLS Logo

    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
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    $498,200
    2% more+$9,964
    With Zillow Showcase(estimated)$508,164