Property Description

This all-brick end-unit row home in the 19805 zip presents a strong opportunity for investors seeking a cash-positive addition to their portfolio. The property is conveniently divided into two distinct rental units that generate a combined monthly gross income of $2,350. Unit 1 features a spacious two-bedroom, one-bathroom layout currently rented for $1,250 with about 1000 sf of living area. Unit 2 is a one-bedroom, one-bathroom suite rented for $1,100 with about 1000 sf of living area. Unit 2 offers added convenience with an in-unit washer and dryer, along with dual exterior access from both the main and upper levels. A significant benefit for a potential buyer is the installation of newer windows throughout the building, which improves energy efficiency and reduces future capital expenditure. Because the property is being sold in as-is condition and is currently occupied by tenants, interested parties should plan ahead and allow for a 24 to 48-hour notice period for all showings. Given the high demand for rental housing in Wilmington, this dual-stream income property is positioned as a high-utility asset for those ready to move quickly.

Property Features

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