708 N Van Buren Street, Wilmington, DE 19805-3250 $265,000

Interior Sq. Ft: 2,725
Acreage: 0.06
Age:125 years
Taxes: $576
Design/Type:
End of Row/Townhouse
Description
Are you looking for a turn-key investment property that produces an immediate return on investment? If so, come see this fully occupied brick duplex located in Cool Springs. Rarely available, this building features 2 large apartments with separate entrances. Unit 1 is a bi-level apartment with 2 bedrooms and 2 full bathrooms with direct inside access to the basement and exclusive access to the large backyard. Unit 2 is a modern bi-level apartment with 2 bedrooms and 1.5 bathrooms, an in-unit washer/dryer connection and a NEW deck off of the primary bedroom with an awesome view of downtown Wilmington. The roof was recently replaced (Jan. 2025) and all apartments feature central air conditioning. Each unit has its own HVAC system, hot water heater and is separately metered for electric services. The landlord pays for water/sewer, grounds/lawn care, property taxes and insurance. Please see income and expense sheet for additional information. Producing just under $3,000 a month, this is a solid investment property with good rental history. You don’t want to miss this one! Building is being sold in "as is" condition.
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Forced Air Heating, Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer
Garage/Parking
On Street
Interior
Carpet, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Full Basement, Unfinished Basement
Exterior
Stone Foundation, Brick Exterior, Sidewalks
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-540-4004
Listing Courtesy of: RE/MAX Associates-Wilmington , (302) 477-3900, john@johnwford.com
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Listing data as of 3/15/2025.