Price
$ 120,000

410 W 26TH ST, Wilmington, DE 19802  

410 W 26TH ST, Wilmington, DE 19802  

INVESTOR ALERT! DOUBLE DIGIT CAP RATE! Great opportunity to acquire this rental duplex at an attractive present double-digit cap rate of approx. 11+%. Separate two-car brick construction garage at rear is under renovation and will generate additional income for an even higher cap rate for the savvy buyer of this property. Garage rentals are in demand in the area. Separate gas heaters and gas hot water heaters for each tenant. There are three electrical panels, however, the house one is not in use. Tenants pay all utilities except sewer and water which currently run approximately $130 per quarter. Washer and dryer in basement. Upper apartment has a rear balcony and a nice size kitchen. Main floor tenants have been in place for about four years; now on a month to month lease. Building not section 8 approved. Updated electric. Rolled rubber roof re-done in 2011. Current rent in lower unit has potential for increase; rent kept lower due to long-term renters.

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Listing Type
Multi-Family
Listing ID
6950393
Lot Size
1,742.00 sqft
Listing Status
Active
Year Built
1920
County
New Castle
Subdivision
Wilm #04
Floors
Duplex
Units
2
Garage
2.0
County School District
Red Clay Consol
Zoning
26R-3
Taxes
1180.0
TaxYear
2016
Listing courtesy of PRS Real Estate Group
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX 1ST CHOICE
    100 S Broad St Middletown, DE 19709 | Phone: (302) 378-8700
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.