Price Reduction
Address
1201 Wilmington Road New Castle, DE
Price
$ 440,000
Property Attributes
  • MLS#DENC520500
  • TypeMulti-Family
  • CountyNEW CASTLE
  • CityNew Castle
  • AreaNew Castle-Red Lion-Del.City
  • NeighborhoodBALDTON
  • Zip19720
  • StyleCape Cod,Carriage House,Converted Dwelling,Craftsm
  • Year Built1933
  • Taxes2370
  • Price$ 440,000
  • Bedrooms7
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,454 SqFt
Listing Provided Courtesy Of:
Alliance Realty
Data Source:
Bright MLS
Property Description

Attention aspiring or experienced landlords! Excellent opportunity to create a portfolio and have this be the cornerstone of it, or add to an existing one. Single tax parcel, two separate structures, four units total. Main building is an all brick cape surrounded by a stone wall, set back and elevated high above Wilmington Road. Main building consists of two units; one three bedroom on the lower level, one two bedroom on the upper level and is accessed via separate exterior entrances. Basement is accessed through exterior entrance as well. Front porch for the warmer months approaching (Can't Wait...), grassy knoll area between the structures, and plenty of parking on Brylgon Ave. for all tenants and guests alike. Second structure fronting on side street has two units, one bedroom each and are accessed separately through exterior entrances. Utilities are housed on the rear of the property and accessed via outside entrance. This building also has a one car attached garage that is perfect for storage, could be rented, or combined with main floor unit to create a second bedroom and increase monthly rent. All systems separate except water. So tenants pay electric, gas, heat, ECT. Fully occupied and performing, this property creates an exceptional opportunity to take advantage of todays ultra low interest rate and friendly lending environment to put your money to work via something other than Reddit forums and create wealth the old fashioned way!

Price History
2/5/2021 Listed $450,000
4/7/2021 3% - $440,000

General Features

Acceptable Financing Cash, Conventional, Exchange, Private
Accessibility None
Architectural Style Cape Cod, Carriage House, Converted Dwelling, Craftsman
Construction Materials Brick
Cool Fuel Electric
Cooling Central A/C
County NEW CASTLE
Days on Market 64
Exclusions Tenant Personal Property
Exterior Features Exterior Lighting, Sidewalks, Street Lights
Flooring Carpet, Hardwood, Laminated, Vinyl
Garage Spaces 1.00
Garage Y/N Yes
Heating Forced Air, Hot Water
High School District COLONIAL
Historic Y/N No
Legal Subdivision BALDTON
MLS Area New Castle/Red Lion/Del.City (30904)
New Construction No
One Bedroom Units Count 2
Other Structures Above Grade, Below Grade
Other Units Unit 1, Unit 2, Unit 4, Unit 3
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 183.33
Property SubType Quadruplex
Property Type Multi-Family
PropertyCondition Average
Real Estate Owned Y/N No
Rent Control Y/N No
Roof Shingle, Pitched
Sewer Public Sewer
Structure Type Detached
Subdivision Name BALDTON
Tax Annual Amount 2370.0
Tax Lot 035
Tax Year 2020
Total Units 4
Trash Expense 0.00
Two Bedroom 1
Vacation Rental Y/N No
Water Access Y/N No
Zoning 21R-1

Interior Features

Basement Unfinished, Walkout Level, Full
Basement Y/N Yes
Central Air Y/N Yes
Fireplace Y/N Yes
Furnished Units None
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Electric, Natural Gas
Living Area 2400
Three Bedroom Units Count 1
Total Fireplaces 1

Exterior Features

# Of Detached Garage Spaces 1
Foundation Details Slab, Stone
Garage Features Garage - Side Entry, Garage - Front Entry
Inclusions See Listing Agent
Lot Dimensions 68.30 x 185.80
Lot Size Acres 0.24
Lot Size Source Assessor
Lot Size Square Feet 10454.00
Navigable Water Y/N No
Pool Y/N No Pool
Spa No
Total Parking Spaces 2
Type of Parking Driveway, Detached Garage, On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19720

Price
AVG $330K
$440K
Taxes
AVG $2,370
$2,370
Visits
AVG 20
29
Year Built
AVG 1949
1933
Walkscore
AVG 38
28
Data Provided by Walkscore ® not using MLS data

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