Wilmington, DE 19805 513 N Broom Street

Pending
513 N Broom Street Wilmington, DE - Image 1513 N Broom Street Wilmington, DE - Image 2513 N Broom Street Wilmington, DE - Image 3
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Presented By: RE/MAX Associates-Wilmington
  • MLS# DENC2077178
  • 03/10/2025
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  • Beds • 5

Home Details

Are you looking for a turn-key investment property that produces an immediate return on investment? If so, come see this fully occupied, 3-unit apartment building that is conveniently located near the Wilmington Riverfront, downtown employers, the Wilmington Train Station and easy access to I-95. Rarely available, this building has been well maintained by the current owners and features one 1 bedroom apartment and two 2 bedroom apartments. All apartments feature central air conditioning and each unit is separately metered for gas and electric services. Tenants pay their own utilities and the landlord pays the utilities for the common areas (basement and foyer), lawn/grounds care, property taxes and building insurance. Please see income and expense sheet for additional information. Notable updates include NEW HVAC systems for Units 1 & 2 (2023), NEW HVAC system for Unit 3 (2024), Newer Roof (2021), New Hot Water Heaters for Units 1 & 2 (2022), Unit 2 Remodeled (2023) and Unit 3 Remodeled (2024). The kitchens in the remodeled units feature GRANITE countertops. The property also comes with a coin-operating washer and dryer in the basement that are currently used by the tenants. Producing approximately $4,000 a month, this is a solid investment property with good rental history. You dont want to miss this one! Although this property has been well maintained, property is being sold in as is condition.
Presented By: RE/MAX Associates-Wilmington

Interior Features for 513 N Broom Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
BasementUnfinished
Basement (Y/N)Yes
Central Air Y/NYes
Fireplace Y/NNo
Furnished UnitsNone
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 513 N Broom Street

Acceptable FinancingConventional, Cash
AccessibilityNone
AppliancesDryer, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
Architectural StyleTraditional
CityWILMINGTON
Construction MaterialsBrick, Stucco
Cool FuelElectric
CoolingCentral A/C
CountyNEW CASTLE
DirectionsFrom I-95 Northbound, Take Delaware Avenue Exit. Left on W. 10th Street. Right on N. Broom Street to 513.
ExclusionsTenant's Personal Property
Exterior FeaturesSidewalks
Garage Y/NNo
HeatingForced Air
Lease TypeMonth to Month, Long Term
Legal SubdivisionWILMINGTON
Lot Size Square Feet2614.00
Lot Size UnitsSquare Feet
MLS AreaWilmington (30906)
ModificationTimestamp2025-03-20T15:56:42
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
One Bedroom Units Count1
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 3
OwnerPaysElectricity, Lawn/Shrub Care, Sewer, Snow Removal, Taxes - Real Estate, Water
OwnershipFee Simple
PossessionImmediate
Price Per Sq Ft Total AG162.89
Property SubtypeTriplex
Property TypeMulti-Family
School DistrictRED CLAY CONSOLIDATED
SewerPublic Sewer
Single Room Units Count0
Standard StatusPending
StatusPENDING
Structure TypeTwin/Semi-Detached
Tax Annual Amount2472.0
Tax Assessed Value48900.0
Tax Lot281
Tax Year2024
Total Actual Rent47700.00
Total SQFT2425
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1890
Year Built SourceAssessor
Zoning26R-3

Exterior for 513 N Broom Street

Foundation DetailsStone
Land Assessed Value3800.00
Land Use Code
Lot Dimensions34.00 x 80.00
Lot Size Acres0.06
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $395,000
MLS#DENC2077178
List Date 03/10/2025
Property Type Pending
Phone 703.929.4729
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