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.
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Listing Snapshot
Price
$569,000
Days On Site
40 Days
Bedrooms
7
Inside Area (SqFt)
3,175 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.07 Acres
Year Built
1920
MLS® Number
DENC2090758
Status
Active Under Contract
Property Tax
$5,157
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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