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202 N UNION ST Wilmington, DE 19805
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Key Details
Sold Price $210,000
Property Type Commercial
Sub Type Services
Listing Status Sold
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $140
Subdivision Hedgeville
MLS Listing ID DENC2048718
Sold Date 11/24/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $1,919
Tax Year 2022
Lot Size 1,307 Sqft
Acres 0.03
Lot Dimensions 16.00 x 90.00
Property Description
Investor Alert! 1,500 sf renovated building with first floor daycare and a second floor apartment with separate entrance. The one bedroom apartment has a larger kitchen and an additional room that can provide a second bedroom, small office or storage area. The tenant has just renewed for another full year. The first floor has an entrance, three separate offices/work areas, kitchen and a lower level. Small enclosed yard. First floor is leased to a Daycare that just signed another full year lease. This property has long term tenants with great cash flow to add to your portfolio with a 12% cap rate.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26C-2
Interior
Hot Water Natural Gas, Electric
Heating Central
Cooling Central A/C
Heat Source Natural Gas, Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-026.40-096
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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Bought with Robert A Blackhurst • Compass
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