1302 Lancaster Avenue

Wilmington, DE 19805

$495,000
Price
Beds
2,700 Sq. Ft.
$183 / Sq. Ft.
2,700
Sq. Ft.
$183
per Sq. Ft.

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!
  1. Listed by Manthan Shah • Century 21 Gold Key Realty
    P: 9736260325 manthan.shah.ms@gmail.com

Property Details for 1302 Lancaster Avenue

Tax ID Number
26-034.30-033
Ownership
Fee Simple
Structure Type
Interior Row/Townhouse
Style
Other
Waterfront
No
Garage
No
Subdivision
WILM #22
Subdivision
WILM #22 (NEW CASTLE DE)

Location

Listing Courtesy of Century 21 Gold Key Realty
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LISTING UPDATED: 05/03/2024 05:37 PM

Property Details for 1302 Lancaster Avenue

StatusActive
MLS #DENC2060742
Days on Market30
Taxes$2,181 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1919
Lot Size0.04 AC / 1,742 SF
CountyNew Castle County

Location

Listing Courtesy of Century 21 Gold Key Realty
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Building Information for 1302 Lancaster Avenue

Stories-Residences4Year Built1919Building Size-Lot Size0.04 AC / 1,742 SF

Payment Calculator

$2,883 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,701

Property Taxes

$182

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1302 Lancaster Avenue

Location
Location
  • In City Limits: Yes
  • School District Name: CHRISTINA
  • School District County ID: 300200396890
  • SchoolDistrictSource: Listing Agent
  • County: NEW CASTLE
  • MLS Area: Wilmington (30906)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2022
  • Tax Assessed Value: $40,300
  • Year Assessed: 2022
  • County Tax: $1,351
  • Improvement Assessed Value: $36,300
  • City Town Tax: $1,448
  • Land Assessed Value: $4,000
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: 26R-3
  • Tax Lot: 033
  • School Tax: $1,332
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: Yes
Unit Information
Unit Information
  • Single Room Units Count: 1
  • One Bedroom Units Count: 2
  • Two Bedroom Units Count: 1
  • Three Bedroom Units Count: 0
Building Info
Building Info
  • Building Units Total: 4
  • Total Finished SQFT: 2,700.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 20.00 x 90.50
  • Lot Dimensions Source: Assessor
  • Parcel ID: 2409916
Parking
Parking
  • Type Of Parking: None
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Other
  • Heating Fuel: Electric
  • Hot Water: Electric
  • Water Source: Public
  • Sewer Septic: Public Sewer, No Septic System
  • Electric Service: 150 Amps
Confidential Data
Listing Office
  • List Agent AOR: New Castle County Board of REALTORS

Property History for 1302 Lancaster Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1302 Lancaster Avenue is a multi-family home for sale in Wilmington, DE 19805. This property was listed for sale on May 3, 2024 by Century 21 Gold Key Realty, it's currently listed at $495,000. It has been on the market for a total of 30 days and was last sold on February 11, 2022. This listing's school district is Christina School District. Nearby schools include The Bayard School, Newark High School and Pyle (Sarah) Academy. 1302 Lancaster Avenue is a 0-bed, 0-bath, 2,700 sqft multi-family home built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Gold Key Realty

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.