Bought with Kelly Diaz • Keller Williams Realty Wilmington
$425,000
$425,000
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2,675 SqFt
SOLD DATE : 08/20/2025
Key Details
Sold Price $425,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,675 sqft
Price per Sqft $158
MLS Listing ID DENC2079084
Sold Date 08/20/25
Style Other
Abv Grd Liv Area 2,675
Year Built 1930
Available Date 2025-04-12
Annual Tax Amount $1,875
Tax Year 2024
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 75.00 x 120.00
Property Sub-Type Detached
Source BRIGHT
Property Description
This is a rare investment opportunity to acquire a well-maintained duplex at 315-317 Central Ave in Wilmington, DE, offering both immediate rental income and significant potential future income. With two 3-bedroom, 2-bathroom units, this property is perfectly designed for long-term investment, providing the ideal setup for renters or owners looking for spacious living.
Unit 315 has been completely renovated and is move-in ready, featuring modern updates throughout, including all new appliances. This unit is currently vacant, making it an excellent opportunity for an owner-occupant or to attract new tenants right away.
Unit 317 is currently occupied by a tenant under a lease that runs through June 2025, paying $1,440/month with the potential to increase up to $1,800/month once the lease allows, offering substantial potential future income.
The property is strategically located in a desirable area of Wilmington, with easy access to local amenities, shopping, dining, and public transportation. The combination of a renovated, vacant unit and an occupied unit with an established tenant makes this duplex an exceptional and rare investment opportunity. Whether you're looking to add to your portfolio or explore a property that provides both immediate and long-term rental income, this is a prime opportunity.
Don't miss your chance to own this income-producing duplex in a growing market. Schedule a showing today and seize this rare opportunity.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning NC5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 07-038.30-107
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Financing Conventional,Cash
Special Listing Condition Standard
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Agent | License ID: 0787303
129 CHESTER AVE., MOORESTOWN, Jersey, 08057, United States