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Excellent Investment Opportunity - Turnkey 5-Unit Apartment Building in Wilmington A rare opportunity to acquire a fully operational, income-producing apartment building in the heart of Wilmington. This well-maintained, turnkey property features five units - two spacious 2-bedroom units and three 1-bedroom units. Presently, four units are occupied, with one pending a new tenant, providing immediate cash flow. Rents are currently below market, presenting an opportunity for increased returns through rent adjustments. Most leases are month-to-month with long-term tenants. The partially finished basement offers potential for an owner's office or additional storage. Property is being sold as-is and is in good overall condition. Inspections are for informational purposes only. Perfect for investors seeking strong rental demand and long-term growth potential.
| DAYS ON MARKET | 0 | LAST UPDATED | 10/7/2025 |
|---|---|---|---|
| YEAR BUILT | 1920 | COMMUNITY | Wilmington (30906) |
| COUNTY | NEW CASTLE | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | CHRISTINA |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Electric Water Heater |
| AREA | Wilmington (30906) |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Electric |
| LOT | 3049 sq ft |
| LOT DIMENSIONS | 24.00 x 118.00 |
| PARKING | Driveway |
| SEWER | Public Sewer |
| TAXES | 5157 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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