1302 Lancaster Avenue Wilmington, DE 19805
Welcome to the ultimate turnkey investment opportunity! This fully renovated property boasts a thriving rental income stream, with all units currently occupied at market rate. As you enter, a spacious common hallway invites you to explore three expansive stories of beautifully updated units. Each residence features a stunning kitchen renovation, complete with granite countertops, water-efficient toilets, new flooring, modern vanities and tub surrounds. Additional upgrades include garbage disposals, new appliances, and numerous other thoughtful touches. The main floor unit, currently rented for $1, 125/month, offers a spacious living area, oversized kitchen and dining combination, two generously sized bedrooms, and a full bathroom. Enjoy rear yard and basement access, with the added convenience of a partially finished basement and crawl space. The second floor features a cozy studio apartment (currently rented for $1, 000/month) and a 1BR apartment (currently rented for $1, 075/month), both perfect for tenants seeking comfort and convenience. The third-floor unit, currently rented for $1, 154/month, boasts a unique layout with a kitchen entrance leading to a spacious living area, bedroom, and full bathroom. This property offers the ultimate in peace of mind, with all gas meters and lines eliminated, and individual electric and water meters for each unit. New owners can enjoy positive cash flow from day one, making this an unbeatable opportunity to dive into real estate ownership. Don't miss out on this exceptional investment chance!
- Property TypeMulti-Family
- NeighborhoodWilm #22
- CountyNew Castle
- Taxes$2,181
- HOA/Condo/Coop Fees$0
- Days on Site14 Days
- MLS StatusActive
- MLS ID NumberDENC2060742
- Home Size Source Assessor
- Year Built1919
- Lot Size0.04 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Other
- Construction Brick
- Parking None
- Sewer Public Sewer
- Basement Other
- Acreage 0.04
- Water Public
- Cross Street N. Franklin St.
- Property Sub Type Quadruplex
- Attached Garage No
- Zoning 26R-3
Interior Features
- Cooling Window Unit(s)Electric
- Heating OtherElectric
- Flooring Wood
- Fireplace No
Exterior Features
- Roof Flat
- Spa No
- Waterfront Property No
Community Features
- MLS Area Wilmington (30906)