Excellent opportunity to acquire a well-maintained 6-unit multifamily property in Wilmington. The building consists of five one-bedroom apartments and one studio apartment, with the units overall in solid condition. All six units are currently occupied by paying tenants, providing an established income stream from day one. This is a straightforward addition to an investor’s portfolio. With a desirable unit mix, existing tenancy, and solid overall condition, 409 W 8th Street offers investors the opportunity to acquire a stabilized multifamily asset with continued income potential. Conveniently located near downtown Wilmington, major employment centers, public transportation, shopping, dining, and area amenities. Property sq. ft. and taxes are estimated based on New Castle County records. Buyer to perform due diligence.
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Listing Snapshot
Price
$595,000
Days On Site
4 Days
Bedrooms
5
Inside Area (SqFt)
3,000 sqft
Total Baths
6
Full Baths
6
Partial Baths
N/A
Lot Size
0.04 Acres
Year Built
1899
MLS Number
DENC2113328
Status
Active
Property Tax
$5,974
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Estimated
Friends & Family
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