1401 Maple Street, Wilmington, DE 19805-4220 $265,000
With Pending Contract
Interior Sq. Ft: 2,050
Subdivision: Bayard Square
End of Row/Townhouse
LIVE IN ONE APARTMENT, LET THE OTHER PAY YOUR MORTGAGE. This is a no-brainer!!! You can leverage into this great rental property as an "owner occupant" with as little as 3.5% down (maybe even less when combined with a Delaware State Housing Authority program) and also (are you wowed yet?) you could use up to 75% of one of the existing tenants' rent towards your qualifying income!!! Located in a highly residential area, this building has a welcoming, "homey-feeling" making it ideal for the buyer to live in one unit and derive income from the other. This performing rental duplex is fully occupied. Both tenants are up to date on their rents. The building consists of one charming 1BR garden apartment on the ground floor with a fenced backyard and one generously sized 3BR, 2 story apartment on the two upper floors. Lower apartment lease ends 6/2021. Upper apartment lease is a month to month lease. Each apartment rents for $1.050 P/M. Each apartment enjoys its own dedicated heating, central cooling and hot water systems so the tenants pay all of the utilities (except sewer and water) for more consistent Return on Investment (ROI). Building is in overall well maintained condition. Recent updates include: Common foyer area renovation, new A/C system for both units, new roof and chimney liner and new clothes dryer. The ground floor apartment was recently renovated including new bath, kitchen, appliances and fresh paint throughout. Located in a highly owner-occupied residential neighborhood within great access to public transportation, downtown business center, Riverfront attractions and amenities, Interstate Highway 95 and within walking distance to St. Elizabeth's school and park. Both apartments have access to a washer and dryer in the basement. Trash collection is included in municipal taxes. Showings limited to Tuesdays and Fridays 11 AM - 1 PM to limit intrusion to the tenants. This is a rarely available, performing multi family property in decent condition. Showings are limited to Tuesdays and Fridays 11 AM to 1 PM to minimize disturbing the tenants. Overlapping showings are not allowed.
Kitchen: Upper 2
Dining Room: Main
Home Assoc: No
Condo Assoc: No
Pool: No Pool
Hot Water Heating, Natural Gas, Central A/C, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
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Public Elementary (33 schools)
Public Middle (13 schools)
Public High (15 schools)
Private (23 schools)
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This report is a detailed community overview for Wilmington (19805), Delaware.
- Average travel time to work for people in this community: 21
- Average salary of people in this community: $40,472
- Population Density (ppl / mile): 7,460
- Household Size (ppl): 2.59
- Households w/ Children: 66%
- Owned: 8,218 (46.6%)
- Rented: 6,869 (39.0%)
- Vacant: 2,544 (14.4%)
- Total: 17,631
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
- Less than 9th Grade: 6.6%
- Some High School: 10.5%
- High School Graduate: 38.9%
- Some College: 17.3%
- Associate Degree: 6.0%
- Bachelor's Degree: 12.8%
- Graduate Degree: 7.9%
Median Income: $42,418
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $676
- One Bedroom: $793
- Two Bedroom: $997
- Three Bedroom: $1,187
- Four Bedroom: $1,350
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Information Deemed Reliable But Not Guaranteed.
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Listing data as of 3/03/2021.