1600 W 4TH Street

Description

Welcome to the Westside of the City of Wilmington! Convenient to public transportation, the local hot spots of Little Italy and Union St., as well as a hop skip and jump to Trolley Square and the Riverfront! Perched at the top of the hill sits this legal multi-family located on main arterial pathway leading down into the City. This 2 unit property is perfect for an investor after a cash generating property to add to an existing portfolio or to start one from scratch! Main floor unit offers 3 bedrooms and is rented for $875 a month. This unit was recently renovated and upgraded. Upstairs unit offers 2 bedrooms, a fresh bathroom rehab and is rented for $850 a month to a long term tenant of many, many years. All mechanicals are updated to include two electric hot water tanks, 2 boilers, separate electric panels, modern plumbing and a brand new flat roof. End of row, all brick building that has stood the test of time and will continue to for years to come. Take a look and run the numbers, this property offers excellent potential and would make a solid addition to the seasoned investors portfolio or be an excellent starter for the aspiring landlord!