940 N Spruce St, Wilmington, DE 19801
- $295,900
- 2,624
- SqFt
- List Price
- $295,900
- Price Change
- ▲ $21,000 1787244167
- Days on Market
- 24
- Status
- ACTIVE
- MLS#
- DENC2109392
- Living Area
- 2,624
- Lot Size (Acres)
- 0.03
- Style
- Dwelling w/Separate Living Area
- Year Built
- 1903
- County
- New Castle
- School District
- Christina
Property Description
This end-of-row Eastside triplex presents an excellent opportunity for an investor looking to add an income-producing asset to an existing portfolio or establish a strong foundation for a new one. The property features durable masonry and heavy-timber construction, with two spacious 2-bedroom units and one 1-bedroom unit. **Each unit has separate systems for heat, hot water, and electric, providing straightforward management and utility responsibility.** The first-floor unit offers a private exterior entrance, while the second- and third-floor units are accessed through a shared interior staircase. The 2nd and 3rd floor units are currently occupied, providing immediate rental income and an established tenant base from day one. There is a fenced in back yard for the 1st floor unit to utilize. And also a fire escape for the 2nd and 3rd floor units. With renovations, new construction, and neighborhood investment taking place on surrounding blocks, Wilmington’s Eastside is experiencing meaningful momentum. This is an opportunity to secure an income-producing property in a community poised for continued growth and transformation. Get in while the Eastside is turning the corner!
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Additional Information
- Area
- New Castle/Red Lion/Del.City (30904)
- Taxes
- $3108
- Interior Features
- Family Room Off Kitchen, Floor Plan - Traditional
- School District
- Christina
- Flooring
- Laminated, Partially Carpeted
- Exterior Features
- Fire Escape
- View
- City
- Heating
- Baseboard - Electric
- Heating Fuel
- Electric
- Cooling
- Window Unit(s)
- Roof
- Unknown
- Utilities
- Electric Available, Natural Gas Available, Sewer Available, Water Available
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Century 21 Gold Key Realty. Contact: 3023695397