$290,000
$270,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
103 W 40TH ST Wilmington, DE 19802
4 Beds
2 Baths
2,125 SqFt
Key Details
Sold Price $290,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,125 sqft
Price per Sqft $136
Subdivision Wilm #02
MLS Listing ID DENC2030362
Sold Date 09/30/22
Style Colonial
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 2,125
Originating Board BRIGHT
Year Built 1952
Annual Tax Amount $2,685
Tax Year 2022
Lot Size 3,485 Sqft
Acres 0.08
Lot Dimensions 32.50 x 105.00
Property Description
LIVE IN ONEAPARTMENT / COLLECT INCOME FROM THE OTHER!!! INSTANT RESIDENCE / INVESTMENT PROPERTY IN ONE, Have your attention yet? IT ALSO QUALIFIES FOR CONVENTIONAL. FHA OR VA FINANCING! Tenant already in place in one apartment, whose rent can cover the majority of your monthly mortgage payment. Make this multi family building your home / well performing, well designed, "purpose built" rental duplex. Located at the very Northern edge of the city, this solid construction brick building and its apartments are in good, clean condition and easy to maintain and rent. Each apartment has its own: Two well sized bedrooms, separate basement, two separate entrances (front door and back stairs) per unit, nice hardwood floors, updated kitchen, spacious living room, dining room, individual laundry room, clothes washer and dryer, rear driveway access and separate rear-loaded garage (with interior access to the lower apartment) for extra income. All appliances are in good condition. New boiler installed for upstairs apartment (around 2016). Both boilers converted to gas fueled (around 2016). New central A/C in each unit (installed around 2016). Roof was inspected and seal coated in 2018. Landlord pays only cold water and sewer. All other utilities are separately metered and paid by tenants - utility providers bill tenants directly for more consistent Return On Investment to the landlord. Municipal trash collection included in city property taxes. The Lower unit is presently kept vacant on purpose and ready for you to pick your new tenant at market rent or occupy immediately upon settlement. Upper tenant is not renting a garage / storage area so that space is potential for additional income or storage for landlord.
THIS ONE WON'T LAST! Opportunity favors the prepared. Buyers must be pre-approved for financing before showing. Property qualifies for FHA, VA and conventional financing if buyer would like to occupy one unit as their residence.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-2
Rooms
Other Rooms Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
Basement Full
Main Level Bedrooms 2
Interior
Interior Features Additional Stairway, Tub Shower, Wood Floors
Hot Water Electric
Heating Radiator, Hot Water
Cooling Central A/C
Flooring Hardwood
Equipment Dishwasher, Dryer, Refrigerator, Stove, Washer
Fireplace N
Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer
Heat Source Natural Gas
Laundry Upper Floor, Basement
Exterior
Parking Features Basement Garage, Garage - Rear Entry, Garage Door Opener, Inside Access
Garage Spaces 2.0
Water Access N
Accessibility None
Attached Garage 2
Total Parking Spaces 2
Garage Y
Building
Story 2
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type Brick
New Construction N
Schools
School District Brandywine
Others
Senior Community No
Tax ID 26-016.20-100
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Conventional, FHA, VA, Cash, Exchange
Listing Terms Conventional, FHA, VA, Cash, Exchange
Financing Conventional,FHA,VA,Cash,Exchange
Special Listing Condition Standard
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Bought with Patti S Carlson • Patterson-Schwartz-Hockessin