1302 LANCASTER AVENUE

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Address: 1302 Lancaster Ave, Wilmington, DE 19805, USA
Created date: June 20, 2024
Date last updated: June 20, 2024

Property Description

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. All new electric and plumbing throughout the building has resulted in low maintenance calls. This property also has individual electric and water meters for each unit , further reducing operating costs. 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!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $475,000
No. of Units: 4
Year Built: 1919
Lot Size: 2,700.00 Sq ft
Opportunity Zone: No
Price per unit: $118,750
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 0
Address: 1302 LANCASTER AVENUE, WILMINGTON, DE 19805, USA
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