816 W 8TH ST Wilmington, DE 19801
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Under Contract
Purchase Type For Sale
Square Footage 3,175 sqft
Price per Sqft $179
MLS Listing ID DENC2090758
Style Traditional
Abv Grd Liv Area 3,175
Year Built 1920
Annual Tax Amount $5,157
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 24.00 x 118.00
Property Sub-Type Other
Source BRIGHT
Property Description
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.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-4
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Other
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Above Ground Finished SqFt 3175
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Christina
Others
Tax ID 26-027.40-401
Ownership Fee Simple
SqFt Source 3175
Special Listing Condition Standard
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Zack Grimmer
Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer | License ID: RS346782 | 1973175 | BK359849