Description
Looking to be a landlord of a multi-family building? Then this may be the opportunity you've been touting! Welcome to Alban Park! Located just on the outskirts of the City of Wilmington proper and nestled within close proximity to the Riverfront District of downtown. Homestead Rd. features an abundance of purposefully built, multi-family buildings from a bygone era. Each building features two, 2 bedroom apartments with a common area basement space for storage as well as a two car garage and driveway out back. Each unit has separate electric, gas, and water so tenants pay everything. Walk in the split foyer hallway and go up to the first floor unit on your right. Great room entrance followed by open dining and kitchen space combination. Hallway leads to full bathroom and two sizable bedrooms with ample storage capacity on the rear of the unit. Upper floor unit is a mirror of this space. Currently, the main floor is occupied with a tenant paying $850, Section 8 subsidized, on a month-to-month lease. Second floor unit is empty, features fresh cosmetics, and has an SRAP subsidized tenant set to take possession in August. Excellent opportunity to purchase two for the price of one and get the cash flowing!
-
0BEDS
-
0.07ACRES
-
0BATHS
-
01/2 BATHS
-
1,575SQFT
-
$114$/SQFT
Description
Looking to be a landlord of a multi-family building? Then this may be the opportunity you've been touting! Welcome to Alban Park! Located just on the outskirts of the City of Wilmington proper and nestled within close proximity to the Riverfront District of downtown. Homestead Rd. features an abundance of purposefully built, multi-family buildings from a bygone era. Each building features two, 2 bedroom apartments with a common area basement space for storage as well as a two car garage and driveway out back. Each unit has separate electric, gas, and water so tenants pay everything. Walk in the split foyer hallway and go up to the first floor unit on your right. Great room entrance followed by open dining and kitchen space combination. Hallway leads to full bathroom and two sizable bedrooms with ample storage capacity on the rear of the unit. Upper floor unit is a mirror of this space. Currently, the main floor is occupied with a tenant paying $850, Section 8 subsidized, on a month-to-month lease. Second floor unit is empty, features fresh cosmetics, and has an SRAP subsidized tenant set to take possession in August. Excellent opportunity to purchase two for the price of one and get the cash flowing!
©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Dream Home Realtor @ Patterson Schwartz Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-08-10T00:00:14.877.