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1402 W 7TH ST Wilmington, DE 19805
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Key Details
Sold Price $306,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,850 sqft
Price per Sqft $107
Subdivision Cool Spring
MLS Listing ID DENC2018314
Sold Date 03/25/22
Style Victorian
Abv Grd Liv Area 2,850
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $2,699
Tax Year 2021
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 40.00 x 128.00
Property Description
Fantastic opportunity for a owner occupant or investor with this attractive Victorian triplex in the west hills/Cool Springs/Little Italy area of Wilmington. Only 1 block to the Saint Francis Hospital and caddy-corner from the lovely Tilton Park, surrounded by stunning Victorian architecture on N. Broom & N. Rodney St. The property has 3 separate electric meters, 3 high quality water heaters & boilers! Bilco doors give easy access for maintenance in the basement. Apartment 2 has an in-house laundry. Apartment 1 & 3 each have their own laundry located in the basement. The very long brick driveway opens to a large yard. There’s evidence that a good size garage once was located and likely would be approved for being rebuilt. OFF STREET PARKING for each apartment could be offered due to the large size of the yard if a stone parking pad were added! Replacement dual-pane windows throughout the property. The roof was taken down to the wood so one layer of architectural shingle was installed in 2005 on the main roofs. Hardwood floors in and all the main living spaces in each of the three units. The current sellers kept the rents the same for unit 2 & 3 (but have recently raised Apt 1 to $950) as when they purchased the property in 2018 so there’s room for growth to easily Increase the cap rate. Very accessible to Trolley Square, the riverfront & Market Street attractions. Very convenient to major commuting routes, the train & bus stations at 2nd & Market. For an owner-occupant there is a grant that does NOT need to be repaid, available for up to 17,500 towards your down payment and closing costs! Please book 24 hours in advance for the occupied units which must be confirmed. Tenants might be home during showings.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Interior
Hot Water Natural Gas
Heating Hot Water, Radiator
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Solid Hardwood, Tile/Brick, Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 2.0
Water Access N
Roof Type Architectural Shingle,Other
Accessibility None
Total Parking Spaces 2
Garage N
Building
Lot Description Open, Level
Foundation Block, Stone
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
Structure Type Plaster Walls,Dry Wall
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-027.30-263
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Andrew White • Compass