$435,000
$415,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
901 N FRANKLIN ST Wilmington, DE 19806
4,500 SqFt
Key Details
Sold Price $435,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $96
Subdivision None Available
MLS Listing ID DENC2025534
Sold Date 07/15/22
Style Other
Abv Grd Liv Area 4,500
Originating Board BRIGHT
Year Built 1918
Annual Tax Amount $4,340
Tax Year 2021
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 26.00 x 90.00
Property Sub-Type Triplex
Property Description
This professionally managed triplex is in the heart of Cool Springs and less than one mile away from Trolley Square. All units are currently rented with $46,200 in annual gross revenue. As of June 1, 2022 prepaid rents total over $9,000.
The neighborhood is family friendly with large parks and annual street festivals. The building is one block away from 2 award winning private schools and about 5 minutes from the Blue Rocks Baseball Stadium.
All units have been recently renovated with upgrades in every room, including appliances. Each unit has a private entrance, separate gas/electric metering, and separate electric baseboard heating. Tenants pay their own utilities except for water, sewage, and trash.
This property is great for investors. The building has all new water heaters, electric circuit breakers, panels, and security cameras. Some units have new windows and roofing. Tenants enjoy coin operated laundry machines in the basement along with the option to rent private storage.
This triplex is a calling card for serious investors. Book all appoints with Listing Agent. Please Do not solicit or disturb tenants.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Rooms
Basement Full, Unfinished
Interior
Interior Features Ceiling Fan(s)
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Wood, Vinyl
Equipment Dryer - Electric, Energy Efficient Appliances, ENERGY STAR Refrigerator, Exhaust Fan, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Fireplace N
Appliance Dryer - Electric, Energy Efficient Appliances, ENERGY STAR Refrigerator, Exhaust Fan, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Heat Source Natural Gas, Electric
Exterior
Utilities Available Water Available, Sewer Available, Phone Connected, Natural Gas Available, Electric Available, Cable TV Available
Water Access N
Roof Type Flat,Shingle
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools William C. Lewis Dual Language
School District Red Clay Consolidated
Others
Tax ID 26-027.20-016
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Conventional, FHA, Private, VA, Negotiable
Listing Terms Cash, Conventional, FHA, Private, VA, Negotiable
Financing Cash,Conventional,FHA,Private,VA,Negotiable
Special Listing Condition Standard
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Bought with Chidozie Stanley Osueke • Concord Realty Group
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