Wilmington, DE 19805,1716 CHESTNUT ST
Wilmington, DE 19805,1716 CHESTNUT ST
Wilmington, DE 19805,1716 CHESTNUT ST
Wilmington, DE 19805,1716 CHESTNUT ST
Wilmington, DE 19805,1716 CHESTNUT ST
Wilmington, DE 19805,1716 CHESTNUT ST
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$332,500

$370,000

10.1%
Est.Price: ?

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Est. payment /mo

3,025 SqFt


SOLD DATE : 04/30/2021

Key Details

Sold Price $332,500

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 3,025 sqft

Price per Sqft $109

Subdivision Wilm #25

MLS Listing ID DENC511776

Sold Date 04/30/21

Style Colonial

HOA Y/N N

Abv Grd Liv Area 3,025

Originating Board BRIGHT

Year Built 1940

Annual Tax Amount $5,017

Tax Year 2020

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 42.00 x 100.00

Property Description

Excellent opportunity to purchase this fully occupied and performing four unit, all stone building located in the quaint and quiet Bayard Square neighborhood in the City of Wilmington. Two units accessed on the main level from separate entrances, and two units accessed through a shared, side entrance with separate front doors at the top of the steps on the second floor. First unit is a large one bedroom which has been nicely renovated. Second main floor unit is a one bedroom which has some updates and features a nice tiled bathroom. Third unit on the upper floor is extra large with three bedrooms, hardwood flooring and a tile bathroom. Fourth unit on the upper floor is a one bedroom with a cozy tiled bathroom. Large basement accessed from the rear of building with it's own dedicated exterior entrance is home to storage, washer/dryer, all four electrical panels, gas fired hot water heater and gas fired boiler for the radiant heat the building utilizes. Fenced in rear, grassy yard perfect for social distanced gatherings and other out door activities. Off street parking exists for one car on a concrete pad out front. The building is fully occupied with fresh tenants that are all on 12 month leases with plenty of time left before expiration. Landlord pays for heat, hot water, and water as well as exterior maintenance. This property has on recored with the City of Wilmington a Legal, Non-Conforming Use Variance to allow its operation as a four unit building as it is currently structured. This has been recently acquired by the owner and all supporting documents will be made available as such and transferable to the new owner. This variance was acquired first, then renovations were performed to the building, and then it was filled with tenants. Rare offering for a multi-family property with all proper documentation and fully performing. Add this to your existing portfolio, 1031 Exchange into this offering or simply start your investment career with the purchase of this property!

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-2

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling None

Flooring Carpet, Hardwood, Laminated, Vinyl

Fireplace N

Heat Source Natural Gas

Exterior

Garage Spaces 1.0

Water Access N

Roof Type Pitched,Shingle

Accessibility None

Total Parking Spaces 1

Garage N

Building

Foundation Block, Brick/Mortar, Stone

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

Structure Type Dry Wall,Plaster Walls

New Construction N

Schools

School District Christina

Others

Tax ID 26-033.20-228

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Joseph P Hurley III • Alliance Realty
Bought with Nikolina Novakovic • Century 21 Gold Key Realty
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4221 Forbes Blvd, Suite 240, Lanham, MD, 20706, United States

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