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Some or all of the listings below are provided by the Wilmington office.
$501,000 (USD)
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Newark Area Multi-Family Home

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55 W Chestnut Hill Road Newark, DE 19713

Bed
0 Baths
4004 sqft
Situated in the heart of Newark, Delaware, this 5-unit apartment building enjoys an exceptional location near major highways, the University of Delaware, bustling shopping centers, and a diverse array of restaurants. Its prime location provides residents with convenient access to various amenities, making it an attractive living option. All five units are currently occupied by tenants who express a desire to continue their stay. This established tenant base provides a stable income stream, offering a sense of security for potential investors. This existing occupancy can be seen as a testament to the appeal of the property. Each unit is thoughtfully designed with a living room, eating area, kitchen, one bedroom, and a full bathroom. This layout caters to the essential needs of residents, creating a comfortable living space. Two of the units boast updated kitchens, enhancing their attractiveness to potential tenants. The units are individually metered for electric, offering tenants the convenience of managing their utility usage independently. The landlord takes care of water, sewer, house-metered electric, hot water, and lawn care, relieving tenants of certain responsibilities and ensuring the property is well-maintained. Annual water & sewer is $2,775.00, Annual lawn care is $1,170.00. Each unit comes with a designated parking spot, providing residents with the convenience of on-site parking. The building also features a partial basement with an outside entrance, adding to the overall functionality of the property. With a current total rent of $3,565.00 per month, this investment opportunity presents a solid foundation for potential growth. The under-rented units offer upside potential, providing investors with an opportunity to increase rental income over time. The partial basement with an outside entrance adds flexibility to the property. It can be utilized for additional storage or potentially converted into shared amenities, further enhancing the appeal of the building. In conclusion, this 5-unit apartment building in Newark, Delaware, represents a compelling investment opportunity with a prime location, stable tenant base, and room for increased rental income. Its well-designed units, individual electric metering, and landlord responsibilities contribute to the overall attractiveness of the property. Don't miss the chance to explore the upside potential that this investment holds.
Listing Courtesy of BRIGHT IDX / Coldwell Banker Realty / Christopher "Chris" Nolte
$375,900 (USD)
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New Castle Area Residential Home

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18 George Read Road New Castle, DE 19720

4 Bed
3 Baths
1900 sqft
Welcome Home for The Holidays!This stunning 4-bedroom, 2.5-bathroom residence is a perfect blend of comfort, style, and functionality. Nestled in a desirable neighborhood of Penn Acers which even features a community pool, this property boasts a spacious interior, a full basement, and a generously sized yard.As you step through the front door, you're greeted by a warm and inviting living space that seamlessly connects the family room, dining area, and kitchen. The layout is perfect for entertaining guests or enjoying quality family time. The kitchen features modern appliances, ample counter space, and a convenient breakfast bar.Upstairs, you'll find four bedrooms, each thoughtfully designed to provide comfort and privacy. The primary bedroom is complete with an en-suite bathroom and ample closet space. The remaining bedrooms are versatile, suitable for guests, a home office, or a growing family.The Full Basement adds another dimension to this already spacious home, offering endless possibilities for a recreation room, home gym, or additional storage.Step outside into the expansive yard, whether you host summer barbecues, gardening, or simply relaxing in the fresh air, this yard provides the perfect backdrop for creating lasting memories.Conveniently located near major highways, shopping centers, and eateries and within walking distance from near by schools. This home is not just a residence but a lifestyle upgrade, it's time to make this house your home.Schedule a showing today this home wont last!
Listing Courtesy of BRIGHT IDX / Coldwell Banker Realty / Charis Furrowh