Homes for sale - 513 N BROOM ST, Wilmington, DE 19805

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Petena Thomas

Jason Martin Group

petena@jasonmartingroup.com +1(202) 427-2444

$395,000

Est. payment - /mo

2,425 SqFt

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UPDATED:

03/11/2025 05:29 PM

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,425 sqft

Price per Sqft $162

MLS Listing ID DENC2077178

Style Traditional

Abv Grd Liv Area 2,425

Originating Board BRIGHT

Year Built 1890

Available Date 2025-03-10

Annual Tax Amount $2,472

Tax Year 2024

Lot Size 2,614 Sqft

Acres 0.06

Lot Dimensions 34.00 x 80.00

Property Sub-Type Twin/Semi-Detached

Property Description

Are you looking for a turn-key investment property that produces an immediate return on investment? If so, come see this fully occupied, 3-unit apartment building that is conveniently located near the Wilmington Riverfront, downtown employers, the Wilmington Train Station and easy access to I-95. Rarely available, this building has been well maintained by the current owners and features one 1 bedroom apartment and two 2 bedroom apartments. All apartments feature central air conditioning and each unit is separately metered for gas and electric services. Tenants pay their own utilities and the landlord pays the utilities for the common areas (basement and foyer), lawn/grounds care, property taxes and building insurance. Please see income and expense sheet for additional information. Notable updates include NEW HVAC systems for Units 1 & 2 (2023), NEW HVAC system for Unit 3 (2024), Newer Roof (2021), New Hot Water Heaters for Units 1 & 2 (2022), Unit 2 Remodeled (2023) and Unit 3 Remodeled (2024). The kitchens in the remodeled units feature GRANITE countertops. The property also comes with a coin-operating washer and dryer in the basement that are currently used by the tenants. Producing approximately $4,000 a month, this is a solid investment property with good rental history. You don't want to miss this one! Although this property has been well maintained, property is being sold in “as is” condition.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-3

Rooms

Basement Unfinished

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Equipment Dryer, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater

Fireplace N

Appliance Dryer, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Red Clay Consolidated

Others

Tax ID 26-027.30-281

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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Listed by Renee Spruiel • RE/MAX Associates-Wilmington

"My goal for each transaction is to give my buyers the information they need to make good decisions regarding neighborhoods, housing choices, pricing and negotiating the purchase."

+1(202) 427-2444

petena@jasonmartingroup.com

513 N BROOM ST Wilmington, DE 19805