1302 Lancaster Ave, WILMINGTON, DE

$495,000

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2,700

Square feet

0.04

Acres

About 1302 Lancaster Ave

Welcome to the ultimate turnkey investment opportunity! This fully renovated property boasts a thriving rental income stream, with all units currently occupied at market rate. As you enter, a spacious common hallway invites you to explore three expansive stories of beautifully updated units. Each residence features a stunning kitchen renovation, complete with granite countertops, water-efficient toilets, new flooring, modern vanities and tub surrounds. Additional upgrades include garbage disposals, new appliances, and numerous other thoughtful touches. The main floor unit, currently rented for $1,125/month, offers a spacious living area, oversized kitchen and dining combination, two generously sized bedrooms, and a full bathroom. Enjoy rear yard and basement access, with the added convenience of a partially finished basement and crawl space. The second floor features a cozy studio apartment (currently rented for $1,000/month) and a 1BR apartment (currently rented for $1,075/month), both perfect for tenants seeking comfort and convenience. The third-floor unit, currently rented for $1,154/month, boasts a unique layout with a kitchen entrance leading to a spacious living area, bedroom, and full bathroom. This property offers the ultimate in peace of mind, with all gas meters and lines eliminated, and individual electric and water meters for each unit. New owners can enjoy positive cash flow from day one, making this an unbeatable opportunity to dive into real estate ownership. Don't miss out on this exceptional investment chance!

Features of 1302 Lancaster Ave

MLS® # DENC2060742
Price $495,000
Bathrooms 0.00
Square Footage 2,700
Acres 0.04
Year Built 1919
Type Multi-Family
Sub-Type Quad, Interior Row/Townhouse
Style Other
Status Active

Community Information

Address 1302 Lancaster Ave
Area Wilmington (30906)
Subdivision WILM #22
City WILMINGTON
County NEW CASTLE-DE
State DE
Zip Code 19805
Senior Community N

Amenities

Parking Type None
Is Waterfront No
Pool Type No Pool

Interior

Heating Other
Cooling Window Unit(s)
Fireplace No
Has Basement Yes
Basement Other
Central Air N

Exterior

Exterior Brick and Siding
Style Other
Roof Flat, Cool/White
New Construction N
Foundation Crawl Space

School Information

District CHRISTINA

Additional Information

Date Listed May 3rd, 2024
Days on Market 28
Zoning 26R-3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCentury 21 Gold Key Realty
Contact Info(302) 369-5397

Listing Map

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