This turn-key duplex is a low-maintenance, income-producing investment with positive cash flow. Both units have been recently renovated—2024—making it a strong opportunity for investors or owner-occupants looking to offset their mortgage with rental income.
Each unit has a private entrance, and both share access to the backyard. Street parking is available.
Rents total $2,295/mo ($1120 & $1,175). Tenants pay gas and electric, while the owner covers water. Owner expenses include the house meter at $20 per month and city water at approximately $90 per month, with total monthly expenses of $1878.00 (principle $225,000 loan), interest, taxes, insurance, water, and house meter). This results in positive cash flow of approximately $400 per month.
Located in a convenient Wilmington neighborhood close to major routes, shopping, and city amenities, this property offers reliable rental income with minimal upkeep. The adjacent property at 1114 S. Rodney is also available for sale.
Licensed fee appraisal was done and appraised value is $250,000. Appraisal report is available upon request.
Pictures are of 1114A S. Rodney
All appointments require 24-hour notice.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$249,500
Days On Site
44 Days
Bedrooms
2
Inside Area (SqFt)
1,360 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.05 Acres
Year Built
1940
MLS® Number
DENC2107700
Status
Active
Property Tax
$2,494
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Recent Activity
3 weeks ago
Listing updated with changes from the MLS®
a month ago
Listing first seen on site
General Features
Acres
0.05
Cross Street
MARYLAND AVE
Foundation
Brick/MortarConcrete Perimeter
Number Of Stories
2
Parking
On Street
Property Sub Type
Duplex
Security
Smoke Detector(s)Fire Escape
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
1360
SqFt Total
2040
Style
Other
Utilities
Natural Gas AvailableSewer AvailableWater AvailableElectricity Available
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.