1. Delaware
  2. Wilmington
  3. 816 W 8TH ST
$569,000

816 W 8TH ST, Wilmington, DE 19801

  • 3,175 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon3,049sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $179/sqft
  • Property List Date Icon Listed 1 day ago

Property Description

Excellent Investment Opportunity – Turnkey 5-Unit Apartment Building in Wilmington A rare opportunity to acquire a fully operational, income-producing apartment building in the heart of Wilmington. This well-maintained, turnkey property features five units – two spacious 2-bedroom units and three 1-bedroom units. Presently, four units are occupied, with one pending a new tenant, providing immediate cash flow. Rents are currently below market, presenting an opportunity for increased returns through rent adjustments. Most leases are month-to-month with long-term tenants. The partially finished basement offers potential for an owner’s office or additional storage. Property is being sold as-is and is in good overall condition. Inspections are for informational purposes only. Perfect for investors seeking strong rental demand and long-term growth potential.

Listing Status:
Active
Listing Office:
Concord Realty Group : 3024770400
Listing Agent:
Manuel M Alvarado : 3027403684
MLS ID:
DENC2090758
  • A/C: Other
  • Heating: Baseboard - ElectricElectric
  • Disability Feature: None
  • General: Above GradeBelow Grade
  • Style: Traditional
  • General: Brick
  • Originating MLS: BRIGHT_MAIN
  • School District: CHRISTINA
  • County: NEW CASTLE-DE
  • Zoning: 26R-426-027.40-401
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Manuel M Alvarado, Concord Realty Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

B

Bayard School (The)

200 S Dupont St, Wilmington, DE, 19805

Grades 1-8

0.77 miles away

B

Bayard School (The)

200 S Dupont St, Wilmington, DE, 19805

Grades 1-8

0.77 miles away

P

Pyle (Sarah) Academy

501 N Lombard St, Wilmington, DE, 19801

Grades 9-12

0.80 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.