1302 Lancaster Avenue
1302 Lancaster Avenue
$495,000
—
2,700
2,700
$183
Description
Welcome to the ultimate turnkey investment opportunity! This fully renovated property boasts a thriving rental income stream, with all units currently occupied at market rate. As you enter, a spacious common hallway invites you to explore three expansive stories of beautifully updated units. Each residence features a stunning kitchen renovation, complete with granite countertops, water-efficient toilets, new flooring, modern vanities and tub surrounds. Additional upgrades include garbage disposals,...Welcome to the ultimate turnkey investment opportunity! This fully renovated property boasts a thriving rental income stream, with all units currently occupied at market rate. As you enter, a spacious common hallway invites you to explore three expansive stories of beautifully updated units. Each residence features a stunning kitchen renovation, complete with granite countertops, water-efficient toilets, new flooring, modern vanities and tub surrounds. Additional upgrades include garbage disposals, new appliances, and numerous other thoughtful touches. The main floor unit, currently rented for $1,125/month, offers a spacious living area, oversized kitchen and dining combination, two generously sized bedrooms, and a full bathroom. Enjoy rear yard and basement access, with the added convenience of a partially finished basement and crawl space. The second floor features a cozy studio apartment (currently rented for $1,000/month) and a 1BR apartment (currently rented for $1,075/month), both perfect for tenants seeking comfort and convenience. The third-floor unit, currently rented for $1,154/month, boasts a unique layout with a kitchen entrance leading to a spacious living area, bedroom, and full bathroom. This property offers the ultimate in peace of mind, with all gas meters and lines eliminated, and individual electric and water meters for each unit. New owners can enjoy positive cash flow from day one, making this an unbeatable opportunity to dive into real estate ownership. Don't miss out on this exceptional investment chance!
- Listed by Manthan Shah • Century 21 Gold Key RealtyP: 9736260325 manthan.shah.ms@gmail.com
Property Details for 1302 Lancaster Avenue
Tax ID Number
26-034.30-033
OwnershipFee Simple
Structure TypeInterior Row/Townhouse
StyleOther
WaterfrontNo
GarageNo
SubdivisionWILM #22
SubdivisionWILM #22 (NEW CASTLE DE)
Location
LISTING UPDATED: 05/03/2024 05:37 PM
Property Details for 1302 Lancaster Avenue
Status | Active |
---|---|
MLS # | DENC2060742 |
Days on Market | 30 |
Taxes | $2,181 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Fee Simple |
Year Built | 1919 |
Lot Size | 0.04 AC / 1,742 SF |
County | New Castle County |
Location
Building Information for 1302 Lancaster Avenue
Stories-Residences4Year Built1919Building Size-Lot Size0.04 AC / 1,742 SF
Payment Calculator
$2,883 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1302 Lancaster Avenue
Property History for 1302 Lancaster Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1302 Lancaster Avenue
Taxable ValueLand$4,000Additions$36,300Total$40,300
Tax Record2023$1,448 ($121 / month)
Home Facts
Baths3Total Finished SqFt2,700 SqFtAbove Grade Finished SqFt2,700 SqFtStories3Lot Size1,742 SqFtStyleMulti-Family Dwelling (2-4)Year Built1919Zoning26R-3CountyNEW CASTLEAPN26-034.30-033
Schools near 1302 Lancaster Avenue
This home is within Christina School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 1 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | 1 to 12 |
Rating | School | Distance |
---|---|---|
The Bayard School Public1 to 8 | ||
Newark High School Public9 to 12 | ||
Pyle (Sarah) Academy Public9 to 12 | ||
Douglass School Public1 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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