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Photo of 1302 Lancaster Avenue, Wilmington DE
1302 Lancaster Avenue
Wilm #22
Wilmington, DE 19805
# of Units
4
1 Bdrm Units
2
2 Bdrm Units
1
Acres
0.04
Interior SqFt
2,700
Age
105
Heating
Electric
Cooling
Window Unit(s)
Water
Public
Sewer
Public
Garages
0
Taxes (2022)
2,181
Additional Details Below

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 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!

Location

Driving Directions

see map

Listing Details

Interior Features
Flooring

Wood

Basement

Crawl Space

Exterior Features
Exterior Features

Brick

Utilities
Cooling

Window Unit(s), Electric

Hot Water

Electric

Sewer

Public Sewer, No Septic System

Water

Public

Property History

Date
Change
Price

Miscellaneous

Assessment : 0
Zoning: 26r-3
Lattitude : 39.743122
Longitude : -75.566040
MLS# : DENC2060742
Views : 5
Listing Courtesy: Manthan Shah of Century 21 Gold Key Realty

Notes

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Presentation: © 2024 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Delaware Real Estate Commission - License RB-0020479

Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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