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Photo of 1131 S Broom Street, Wilmington DE
1131 S Broom Street
Cleland Heights
Wilmington, DE 19805
# of Units
4
2 Bdrm Units
3
3 Bdrm Units
1
Acres
0.21
Interior SqFt
4,650
Age
86
Heating
Natural Gas
Fireplaces
1
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
2
Taxes (2025)
2,806
Additional Details Below

Description

Discover a rare and high-yield investment opportunity with this versatile multi-structure property situated on a single parcel in Wilmington’s Cleland Heights. This unique setup features two distinct buildings, offering a great mix of four move-in ready renovations and significant value-add potential. The first structure is a two-story building housing two fully updated upper-level apartments and a large driveway offering plenty of off-street parking. These two-bedroom units feature top-to-bottom improvements, including durable LVP flooring, modern grey cabinetry, and bright white bathrooms, all supported by new 2023 HVAC systems and private in-unit laundry. Below them, a large lower-level space with existing bath presents a prime opportunity to build out a fifth unit (3-bed), a professional office, or functional garage bays. The second structure is a classic Cape Cod divided into a spacious two-bedroom unit on the main level and a three-bedroom unit on the 2nd floor. The upper unit features a private mudroom entrance, original solid hardwoods, and a kitchen with dark cabinetry, while the large lower unit has a fully renovated kitchen and an updated bathroom with marble tile surrounds. This unit can function as a 3-bed if desired by the tenants. Both Cape Cod units include their own laundry and fresh paint throughout. Further adding to the value, the Cape Cod building includes a full basement with separate gas boilers and separately metered electric, offering excellent storage or the potential for a sixth unit conversion. Whether you are looking for a solid house-hacking setup or a high-performing addition to your rental portfolio, this property delivers updated finishes and plenty of room to grow your equity in one package.

Location

Listing Details

Summary
Architectural Type

Converted Dwelling, Cape Cod, Carriage House

Garage(s)

Garage - Front Entry

Parking

Concrete Driveway, On Street, Driveway, Attached Garage

Interior Features
Flooring

Hardwood, Luxury Vinyl Plank

Basement

Full, Outside Entrance, Brick/Mortar

Exterior Features
Exterior Features

Brick

Utilities
Cooling

Central A/C, Electric

Heating

Forced Air, Natural Gas

Hot Water

Natural Gas

Sewer

Public Sewer

Water

Public

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: Nc5
Lattitude : 39.735500
Longitude : -75.573578
MLS# : DENC2095232
Views : 50
Listing Courtesy: Daniel Shainsky of Coldwell Banker Realty

Notes

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