Wilmington, DE 19806 901 Franklin

901 Franklin Wilmington, DE - Image 1901 Franklin Wilmington, DE - Image 2901 Franklin Wilmington, DE - Image 3
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Presented By: Patterson-Schwartz-Hockessin
  • MLS# DENC2078368
  • 03/25/2025
  • Request Tour
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  • Beds • 7

Home Details

Welcome to this stunning completely renovated turnkey 3-unit triplex located on a corner lot in the heart of Wilmington, DE, in the prestigious community of Cool Springs-boarding Trolley Square. This building is perfect for investors and owner-occupants. This colonial-style property boasts spacious and upgraded apartments, each featuring oversized rooms with upgraded kitchens, brand new high-end vinyl flooring throughout, renovated bathrooms and washer/dryer in each unit. The triplex has been meticulously maintained, with major upgrades in 2023. Such as the roof was replaced by G Fedale Roofing and the basement was waterproofed by Adams Basement, including a French drain along with two new sump pumps. Each unit is separately metered for gas and electricity, with the owner only responsible for water, sewer and common areas. The property features ceiling fans and wall/window unit cooling, as well as baseboard electric heating. Exterior features include freshly painted woodworking, gutter system, sidewalks, and street lights, adding to the convenience and curb appeal of this fantastic property. Don't miss out on this turnkey profitable triplex in a prime location- schedule your tour today! ALL showings must be arranged directly with the listing agent. In addition there will be 3 open houses coming with the 1st being this Friday.
Presented By: Patterson-Schwartz-Hockessin

Interior Features for 901 Franklin

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceEstimated
BasementUnfinished
Basement (Y/N)Yes
Central Air Y/NNo
FlooringHardwood
Furnished UnitsNone
Heating FuelElectric
Heating Y/NYes
Hot WaterNatural Gas

General for 901 Franklin

AccessibilityNone
Architectural StyleColonial
Cap Rate6.00
CityWILMINGTON
Construction MaterialsBrick, Masonry
Cool FuelNone
CoolingCeiling Fan(s), Wall Unit
CountyNEW CASTLE
DirectionsAt the intersection of West 9th Street & North Franklin Street
ExclusionsPersonal Property
Garage Y/NNo
HeatingBaseboard - Electric
Land Lease Y/NNo
Lease TypeYearly
Living Area UnitsSquare Feet
Lot Size Square Feet2178.00
Lot Size UnitsSquare Feet
MLS AreaWilmington (30906)
ModificationTimestamp2025-04-03T13:33:51
Net Operating Income50620.00
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
Other UnitsUnit 1, Unit 2, Unit 3
OwnerPaysCommon Area Maintenance
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG258.42
Property ConditionExcellent
Property SubtypeTriplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofFlat, Pitched
School DistrictRED CLAY CONSOLIDATED
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeDetached
Subdivision NameCOOL SPRING
Tax Annual Amount3412.0
Tax Assessed Value67500.0
Tax Year2024
Total Actual Rent61200.00
Total SQFT3018
Two Bedroom2
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1918
Year Built SourceEstimated
Zoning26R-3

Exterior for 901 Franklin

Exterior AmenitiesGutter System, Sidewalks, Street Lights
Foundation DetailsBlock
Inclusions3 Refrigerators, 3 Ranges, 3 Washers, 3 Dryers, Window Treatment
Lot Dimensions26 x 90
Lot Size Acres0.05
Lot Size SourceEstimated
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 $779,900
MLS#DENC2078368
List Date 03/25/2025
Property Type Multi-Family
Phone 703.929.4729
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