1,925 SqFt
1,925 SqFt
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,925 sqft
Price per Sqft $220
Subdivision None Available
MLS Listing ID DENC2112540
Style Other
Abv Grd Liv Area 1,925
Year Built 1990
Annual Tax Amount $2,975
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type Detached
Source BRIGHT
Property Description
Turnkey Wilmington duplex with strong in-place income and meaningful recent reinvestment in the surrounding block. Bennett Street has benefited from ongoing neighborhood revitalization, including numerous renovated homes and improved streetscape conditions, as reflected in the current exterior photos. Fully renovated in 2024 and fully occupied, the property includes a 3BR/2BA unit and a 2BR/1BA unit producing $48,588 in current annual rent. At the $425,000 asking price, illustrative investor underwriting using 20% down and a 7.50% interest rate projects approximately $543/month in cash flow, a 1.23 DSCR and a 7.7% cash-on-cash return before closing costs and taxes. Well suited for either an investor seeking immediate income or an owner-occupant looking to offset housing costs with rental income. Buyer to verify all income, expenses, financing, and investment assumptions.
Showings will be available from 1pm-3pm on Tues & Thur, by appointment only. Call the agent if you are interested but can't make either window.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Luxury Vinyl Plank
Equipment Built-In Microwave, Disposal, Dryer - Electric, Energy Efficient Appliances, ENERGY STAR Refrigerator, ENERGY STAR Dishwasher, Oven/Range - Gas, Stainless Steel Appliances, Water Heater - High-Efficiency
Fireplace N
Window Features Double Hung,Double Pane
Appliance Built-In Microwave, Disposal, Dryer - Electric, Energy Efficient Appliances, ENERGY STAR Refrigerator, ENERGY STAR Dishwasher, Oven/Range - Gas, Stainless Steel Appliances, Water Heater - High-Efficiency
Heat Source Natural Gas
Laundry Has Laundry
Exterior
Water Access N
Roof Type Pitched
Accessibility None
Garage N
Private Pool No
Building
Foundation Block
Above Ground Finished SqFt 1925
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade
Structure Type Dry Wall
New Construction N
Schools
Elementary Schools Bancroft
Middle Schools Douglass School
High Schools Newark
School District Christina
Others
Senior Community No
Tax ID 26-044.10-484
Ownership Fee Simple
SqFt Source 1925
Security Features Security System
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
Financing Cash,Conventional,FHA,VA
Special Listing Condition Standard
Real Estate Agent License ID: RS-0020953
+1(302) 703-9933 | info@donwilliamsgroup.com