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1701 W 4TH ST Wilmington, DE 19805
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Key Details
Sold Price $79,900
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Wilm #23
MLS Listing ID 1003945213
Sold Date 05/09/16
HOA Y/N N
Originating Board TREND
Year Built 1916
Annual Tax Amount $913
Tax Year 2015
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 38X78
Property Description
Unique opportunity to acquire a key commercial property situated prominently on a busy corner at 4th and DuPont Streets in Wilmington. Property consists of two retail store fronts, two apartments and a two car garage. Corner store front is rented to a restaurant through May of 2015 for 650 per month, tenant would like to extend. The other retail store front was rented for $650 on a month to month basis. Upstairs are 2 two bedroom apartments, one rented for $500 and the other for $600 per month. The residential tenants have expressed desire to extend leases. The two car garage is not rented and needs repairs. This is an outstanding opportunity to acquire this property. EXPENSES: Insurance - $2429 annually, Heat roughly $400/month, county taxes $943, city taxes $807. Owner also is selling other properties in the same immediate area; 1712 W 4th Street, a duplex and 1716 W 4th Street, a one family dwelling with a performing tenant. Property is sold as is; cash is sellers preferred form of funding.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26C-2
Rooms
Other Rooms Master Bedroom
Interior
Hot Water Natural Gas
Flooring Wood, Vinyl
Fireplace N
Heat Source Natural Gas
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Butane, Electric Available, Phone, Cable TV Available
Water Access N
Roof Type Flat
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-026.40-337
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Paul M Pantano • Pantano Real Estate Inc