1112 S RODNEY ST Wilmington, DE 19805
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,360 sqft
Price per Sqft $183
Subdivision Cleland Heights
MLS Listing ID DENC2107700
Style Other
Abv Grd Liv Area 1,360
Year Built 1940
Annual Tax Amount $529
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 28X82
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
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 $1,714 (principle $225,000 loan), interest, taxes, insurance, water, and house meter). This results in positive cash flow of approximately $580 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.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-2
Rooms
Basement Full
Interior
Interior Features Bathroom - Soaking Tub
Hot Water Natural Gas
Cooling None
Flooring Laminate Plank
Equipment Oven/Range - Gas, Range Hood
Fireplace N
Window Features Screens,Storm,Double Hung
Appliance Oven/Range - Gas, Range Hood
Heat Source Natural Gas, Electric
Exterior
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
Roof Type Rubber
Street Surface Black Top
Accessibility None
Road Frontage City/County
Garage N
Private Pool No
Building
Lot Description Level
Foundation Brick/Mortar, Concrete Perimeter
Above Ground Finished SqFt 1360
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Christina
Others
Tax ID 26-041.40-096
Ownership Fee Simple
SqFt Source 1360
Security Features Smoke Detector
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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Zack Grimmer
Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer | License ID: RS346782 | 1973175 | BK359849