Bought with Jeff P Derp • Long & Foster Real Estate, Inc.
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607 HOMESTEAD RD Wilmington, DE 19805
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Key Details
Sold Price $220,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,575 sqft
Price per Sqft $139
MLS Listing ID DENC2018336
Sold Date 05/03/22
Style Other
Abv Grd Liv Area 1,575
Year Built 1960
Annual Tax Amount $1,382
Tax Year 2021
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 20.20 x 150.00
Property Sub-Type Duplex
Source BRIGHT
Property Description
Rare opportunity to own a fully occupied 2-unit apartment building just outside the city limits. Both units are 2-bedroom 1 bath and are currently being rented at $1200 per unit. There is a common laundry room and garage in the walkout/drive out basement. Tenants pay all utilities. Owners' expenses: Taxes: $1450. Insurance $550. Trash $600. Owner will consider seller financing with 10 - 20% down. A fantastic opportunity to build on your portfolio and get instant cash flow. 9%+ Cap rate!
Location
State DE
County New Castle
Area Elsmere/Newport/Pike Creek (30903)
Zoning NC5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Heat Source Natural Gas
Exterior
Parking Features Basement Garage
Garage Spaces 2.0
Water Access N
Accessibility Other
Attached Garage 2
Total Parking Spaces 2
Garage Y
Building
Above Ground Finished SqFt 1575
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 07-043.20-104
Ownership Fee Simple
SqFt Source 1575
Special Listing Condition Standard
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