Wilmington, DE 19805,9-11 S FORD AVE
Wilmington, DE 19805,9-11 S FORD AVE
Wilmington, DE 19805,9-11 S FORD AVE
Wilmington, DE 19805,9-11 S FORD AVE
Wilmington, DE 19805,9-11 S FORD AVE
Wilmington, DE 19805,9-11 S FORD AVE
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$345,000

$329,900

4.6%
Est.Price: ?

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Est. payment /mo

10,454 Sqft Lot


SOLD DATE : 10/06/2021

Key Details

Sold Price $345,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Subdivision Colonial Heights

MLS Listing ID DENC2006006

Sold Date 10/06/21

Style Other

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $2,345

Tax Year 2021

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 94.00 x 110.00

Property Description

Are you looking for a turn-key investment property that produces an immediate return on investment? If so, come see this 4-unit apartment building with long terms tenants in place. Rarely available in the County, this quadruplex has renewable rental permits in place for all units through 5/1/23 and features 3 one-bedroom apartments, 1 efficiency unit, and 2 detached 2-car garages. Each unit has a separate, private entrance and separate meters for electricity and gas within their units. The efficiency unit (11a) has electric baseboard heat and pays for their own heat. The owner pays for heat (in Units 9a, 9b, and 11b), hot water, water/sewer, trash, electric in the basement & garages, property taxes and insurance. Please see income and expense sheet for additional information. The house boiler was replaced in 2018 and all electric panels were replaced in 2005. The property comes with a coin-operating washer and dryer in the basement that are currently used by all tenants producing additional income. There is also a secured storage space in the basement that is currently used by the owner. The large, detached garages could also be rented for additional income. Three tenants have occupied their units for more than 5 years, of which 2 receive subsidized housing payments from New Castle County (Please see income and expense sheet for additional details). The 4th tenant has been in place for 2 years and would like to stay (Interior pictures are of Unit 9a before it was rented). If you are looking for a solid investment property with good rental history, you dont want to miss this one!

Location

State DE

County New Castle

Area Elsmere/Newport/Pike Creek (30903)

Zoning NC5

Rooms

Basement Partial, Rear Entrance, Walkout Stairs

Interior

Hot Water Natural Gas

Heating Baseboard - Electric, Radiator

Cooling Window Unit(s)

Equipment Dryer, Refrigerator, Stove, Washer, Water Heater

Appliance Dryer, Refrigerator, Stove, Washer, Water Heater

Heat Source Natural Gas, Electric

Exterior

Exterior Feature Enclosed, Porch(es), Deck(s)

Parking Features Garage - Rear Entry

Garage Spaces 4.0

Water Access N

Accessibility None

Porch Enclosed, Porch(es), Deck(s)

Total Parking Spaces 4

Garage Y

Building

Lot Description Front Yard, Rear Yard

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Red Clay Consolidated

Others

Tax ID 07-036.10-199

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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Bright MLS (BMLS)
Listed by Renee Spruiel • RE/MAX Associates-Wilmington
Bought with Shane M Pezick • RE/MAX Associates-Wilmington
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4221 Forbes Blvd, Suite 240, Lanham, MD, 20706, United States

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