120 N LINCOLN ST Active Save Request In-Person Tour Request Virtual Tour
Wilmington,DE 19805
Key Details
Property Type Multi-Family, Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,300 sqft
Price per Sqft $150
Subdivision Little Italy
MLS Listing ID DENC2072032
Style Other
Abv Grd Liv Area 1,300
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $1,368
Tax Year 2022
Lot Size 1,307 Sqft
Acres 0.03
Lot Dimensions 14.00 x 81.00
Property Description
Welcome to 120 North Lincoln Street, a two unit apartment building. This is your chance to have someone else pay your mortgage, live in the first floor and rent the second floor. Also great for an investor to add to their portfolio or the new investor looking to start their portfolio with great cash flow. Both units have separate electric, separate heat and hot water. Walk into the first floor unit with an open concept. The living room boasts laminate floors with a nicely designed kitchen that has recently been renovated. The breakfast bar is the perfect spot for morning coffee for you or your new tenant. The bedroom has new carpeting and the bathroom has new flooring as well. There is direct access to the back yard which is fenced in for privacy.
The second floor unit is currently occupied with a tenant that has been there for several years and would like to stay. The second floor unit has a newer heater in the unit as well as central air conditioning. It is a one bedroom apartment with an eat in kitchen. The bedroom is a nice sized room off of the generously sized living room. The building has lots of upgrades including some new windows, newer heaters, newer water heater. The first floor unit is currently not occupied, making it easy for you to place your new tenant at market rent or move in and let the second floor unit pay your mortgage. The exterior of the building has recently been painted and looks great. This is a great location close to shops, restaurants and parks.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-4
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Fully Carpeted,Vinyl
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-026.40-284
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional,FHA 203(b)
Listing Terms Conventional,FHA 203(b)
Financing Conventional,FHA 203(b)
Special Listing Condition Standard