Five-property income portfolio in downtown Wilmington -- offered as a single transaction. All homes leased and currently producing $96,000 in annual gross rent. Seller has completed significant system upgrades across the portfolio in recent years: new roofs (4 of 5), new HVAC, new windows, new flooring. Concentrated in Wilmington's most… Read More active rental corridor -- walking distance to the Cargo District, Castle Street, and the Riverfront. Combined ~5,000 sq ft / 14 BR / 9 BA across five separate parcels. Est. cap rate ~6.9% at asking on current rents. Sold as-is. Read Less
Courtesy of Benjamin T Eisenberg, RE/MAX Essential
Listing Snapshot
Days Online
96
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
882
Lot Size
0.08 Acres
Year Built
1920
MLS Number
100570339
Additional Details
Property Access
Road frontage type: City Street, State Road
Building
Built in 1920, Construction materials: Wood Frame, Levels: One, Living area units: Square Feet, 1 total story, Structure type: Wood Frame, Stick Built, Toal building area: 882
Cooling
Central Air
Fence
Partial
Floors
Laminate, Wood
Heating
Other, Electric, Forced Air
Interior Features
See Remarks61
Lot
0.08 acres, 3,311 sqft
Parking
On Street
Property
Frontage type: See Remarks, Patio and porch features: Front Porch, Zoning: R-5, See Remarks
Roof
Shingle
Taxes
Year: 2025
Utilities
Water Connected
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