1302 Lancaster Avenue
Wilmington, DE, 19805 $ 495,000
Bedrooms4 Baths0.0 Monthly Estimate*
$ 3,290
for $495,000 with 4 bedrooms. This home was built in 1919 on a lot size of 0.04.
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!
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FeaturesInteriorHeating Fuel Electric
Basement Other
Flooring Wood
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix AVENUE
Central Air Y/N N
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GeneralSewer Public Sewer No Septic System
Heating Other
Cooling Window Unit(s)
Possession 0-30 Days CD 31-60 Days CD 61-90 Days CD
Roof Flat Cool/White
Zoning 26R-3
Pool Y/N No Pool
Architectural Style Other
Construction Materials Brick
Year Built 1919
Electric 150 Amps
Property SubType Quadruplex
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County NEW CASTLE
New Construction N
Property Type Multi-Family
Subdivision Name WILM #22
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions see map
City WILMINGTON
Buyer Agent Compensation 2.5
Disclosures Agent has Financial Interest Owner RE Licensee
Total Units 4
MLS Area Wilmington (30906)
Lot Size Square Feet 1742.00
Waterfront Y/N N
Street Name LANCASTER
Tax Annual Amount 2181.0
Home Warranty Y/N N
Two Bedroom 1
Structure Type Interior Row/Townhouse
Price Per Sq Ft 183.33
Acceptable Financing Cash Conventional FHA VA
Historic Y/N N
Vacation Rental Y/N N
Days on Market 1
Standard Status Active
Year Built Source Assessor
Legal Subdivision WILMINGTON
Tax Lot 033
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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ExteriorWater Source Public
Type of Parking None
Foundation Details Crawl Space
Spa N
Water View Y/N N
Lot Dimensions 20.00 x 90.50
Lot Size Acres 0.04
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 4000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByCentury 21 Gold Key RealtyBroker
manthan.shah.ms@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,290
- Monthly Property Taxes
- $182
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Wilmington, DE
Average List Price $354,536
Percent of Sale Price 28%
About Wilmington, DE 72,929 Population
0% Since 2002
$ 41,839 Median Income
36.72 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
3534162 Elementary School
3534061 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/3/2024 | $495,000 | | Listed Price |