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301 S MARYLAND AVE, Wilmington, DE 19804
Listing# 6983226
 
 
 
 
Price: $1,200,000
Sq. Feet: 12000
Type: Commercial
School District: Red Clay Consol
County: New Castle
 
 
 
 
    Photo of home for sale at 301 S MARYLAND AVE, Wilmington DE
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Remarks
 
 
 
 
This is a great opportunity for a savvy investor. Corner property, outside city limits with 10 apartments and 3 retail store fronts. The residential apartments include 2 two bedroom and 8 one bedroom apartments with ample off street and on street parking. The apartments all have separate electric, heat and water. The landlord has recently upgraded all the windows to vinyl energy efficient windows. Landlord pays for heating and cooling of common areas and hot water, tenants are responsible for everything else. The 3 retail stores include a barber shop(over 7 years), zumba studio(going on 3 years) and a tattoo parlor(over a year). The building is fully tenanted and generates well over 10k a month in gross revenue. The rents are very low for the area and has the potential to be increased. Serious inquires only. Potential buyers must show listing agent proof of funds or pre-approval before touring the property. Seller will provide partial private financing, contact listing agent for more details.

 
 
 
 
OVERVIEW:
 
 
 
 
Property Type:Commercial
Listing Status:Active
Area Name:Elsmere/Newport/Pike Creek (30903)
Subdivision:ELMHURST
Year Built:1940
Square Feet:12000
Roofing:FlatRoof
Parking:6to10CarGar
Water:Public
Sewer:Public Sewer
Acres:0.14
Lot Dimension:79 X 112
Extras:FireEscape
 
 
 
 
SCHOOLS:
 
 
 
 
School District:Red Clay Consol
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$1,200,000
Annual Taxes:$1,323
Gross Operating Income:$124,200
Total Expenses:$28,270
Tax Year:2016
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