223&225 N Maryland Avenue
WILMINGTON, DE 19804
- – beds
- – baths
- 5,000 sqft
- 13,939 sqft lot
- $138 per sqft
- 1886 build
More homes
Great opportunity to buy 2 apartment buildings outside of the city limits. Side-by-side buildings will be easy to rent and stay rented with little to no vacancies. This property is located in the Red Clay school district- popular for renters. There are 7 total units consisting of 3- 2 bedrooms. 3- 1 bedrooms and 1 efficiency. The owners have redone the apartments over time. The photos are of various units showing the conditions and upgrades in the units. There are some with hardwood floors and some with newer LVP. The buildings have a rear entry parking lot with plenty of off-street parking. There is a nice rear yard. The tenants are a month to month leases. One of the 2 bedroom apartments is currently being renovated. All units have been updated. The building offer apartments that are both spacious and charming. Some units have screened-in porches and decks. Great positive cash flow has been consistent since ownership and the units are extremely easy to rent.
Listing courtesy of BRIGHT / Century 21 Gold Key Realty
Last checked:
Checking…
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Last updated Dec 12, 2024
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MLS# DENC2045832 —
The Building
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Year Built:1886
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Year Built Source:Assessor
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Year Major Reno/Remodel:2010
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Roof:Shingle
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New Construction:No
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Construction Materials:Vinyl Siding, Aluminum Siding
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Building Units Total:2
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Structure Type:Detached
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Architectural Style:Colonial
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Accessibility Features:None
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Foundation Details:Other
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Basement:Yes
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Basement Type:Side Entrance
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:3175
Interior
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:5000
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Living Area SqFt:5,000 Sqft
Financial & Terms
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Sale Type:Standard
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Buyer Financing:Conventional
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Possession:Negotiable
Location
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Directions:DE-2 to Elsmere to DE 100 S/S Dupont RD to N Maryland Ave
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Latitude:39.73097229
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Longitude:-75.58294678
The Property
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Property Subtype:Other
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Property Type:Multi-Family
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Lot Size Units:Square Feet
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Lot Size Acres:0.32
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Lot Size Source:Estimated
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Lot Features:Rear Yard
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Lot SqFt:13,939 Sqft
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Inclusions:All appliances in apartments
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Exclusions:tenants personal property
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Zoning:CN
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In City Limits:No
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (302) 983-0147
- Office phone:
- (302) 369-5397
Taxes
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Tax ID Number:07-039.30-493
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Tax Year:2022
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Tax Lot:493
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Tax Annual Amount:$3,175
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Tax Assessed Value:$53,500
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Year Assessed:2022
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School Tax:1323.0
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County Tax:442.00
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Total Taxes Payment Frequency:Annually
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Hot Water
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Other
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Water Source:Public
Schools
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School District Name:Red Clay Consolidated
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School District Source:Listing Agent
The Community
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Pool:No Pool
Parking
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Total Garage and Parking Spaces:10
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Garage:No
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Type of Parking:Parking Lot
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Parking Features:Asphalt Driveway
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Parking Lot - # of Spaces:10
Extra Units
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Vacation Rental:No
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Single Room Units:1
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One Bedroom Units:3
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Two Bedroom Units:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/7/24
Mar 7, 2024
|
Sold | BRIGHT | $693,000 | -4.4% |
12/15/23
Dec 15, 2023
|
Sold Subject To Contingencies | BRIGHT | $724,900 | |
10/27/23
Oct 27, 2023
|
Price Changed | BRIGHT | $724,900 | -7.1% |