Great opportunity to buy 2 apartment buildings outside of the city limits. Side-by-side buildings will be easy to rent and stay rented with little to no vacancies. This property is located in the Red Clay school district popular for renters. There are 7 total units consisting of 3- 2 bedrooms. 3- 1 bedrooms and 1 efficiency. The owners have redone the apartments over time. The photos are of various units showing the conditions and upgrades in the units. There are some with hardwood floors and some with newer LVP. The buildings have a rear entry parking lot with plenty of off-street parking. There is a nice rear yard. The tenants are a month to month leases. One of the 2 bedroom apartments is currently being renovated. All units have been updated. The building offer apartments that are both spacious and charming. Some units have screened-in porches and decks. Great positive cash flow has been consistent since ownership and the units are extremely easy to rent. The listing price is based on the ability to tap into the increased rents for the area.

Copyright 2023 BRIGHT, All Rights Reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Bryce Lingo & Shaun Tull Team participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated September 25, 2023. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

Name

Your Email Address

Phone

Message I would like more information for 223&225 N Maryland Avenue Wilmington DE 19804 (ID#:DENC2045946)

Listing Tools

Property Details of 223&225 N Maryland Avenue

Exterior Features

Exterior Features

Utilities and Appliances

Utilities and Appliances

Map Location

Driving Directions

Jack Lingo REALTOR - Rehoboth

Listing Tools

Success!

Hi there! How can we help you?

Property Details of 223&225 N Maryland Avenue

Exterior Features

Exterior Features

Utilities and Appliances

Utilities and Appliances

Map Location

Driving Directions

Success!

Hi there! How can we help you?

Success!

Hi there! How can we help you?

Success!

Hi there! How can we help you?

Jack Lingo REALTOR - Rehoboth