Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    1500.0

  • Cooling YN

    YES

  • Cooling

    None, Gas

  • Heating YN

    YES

  • Heating

    Electric, Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    Yes

  • Pool Features

    None

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.03

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Colonial

Price

  • Sales Price

    $359,900

  • Tax Amount

    $2,035

  • Sq. Footage

    1, 500

  • Price/SqFt

    $239

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Foundation Details

    Stone

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

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NEW CASTLE

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Listing Courtesy of Richard Oberly , Compass

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Nice updated triplex close to business, nightlife and restaurants. Updated, fully leased 3 unit building. Two 2 bedroom units and one efficiency.  Property in very good condition. Tenant pays all utilities including electric, heat and hot water. Owner pays sewer and water. Total gross cash flow is approximately $39,000 year. Estimated CAP rate is 10%. Very nice building and easy to rent, Would be a wonderful addition to any portfolio.

706 N. WASHINGTON STREET

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Cash-flow investment opportunity. Your chance to own a profitable mixed-use investment property in the heart of the City of Wilmington. Its ready to go and has a strong rental history. The building offers an excellent opportunity for a first-floor business tenant (hair salon) along with two 2-bedroom apartments. Total rents are approximately $4,000 per month, creating strong income potential for an investment property.
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