2116 Washington Street
2116 Washington Street
Wilmington, DE 19802
$135,000
Last Sold Price
5
Beds
3
Baths
2,375 Sq. Ft.
$57 / Sq. Ft.
2,375
Sq. Ft.
$57
per Sq. Ft.
Closed 2/28/22
Closed 2/28/22
Description
Excellent opportunity between Brandywine Village and The Triangle for the aspiring property owner to take this large, single detached triplex that has fallen on hard times and transform this into a money generating venture. A fire has damaged the second floor front unit, but it appears to be mostly smoke damage to existing walls. Of the three units, this one will need the most significant repairs to be probably more than just cosmetics. As for the remaining two units, they are in solid condition,...Excellent opportunity between Brandywine Village and The Triangle for the aspiring property owner to take this large, single detached triplex that has fallen on hard times and transform this into a money generating venture. A fire has damaged the second floor front unit, but it appears to be mostly smoke damage to existing walls. Of the three units, this one will need the most significant repairs to be probably more than just cosmetics. As for the remaining two units, they are in solid condition, especially the main floor unit, which is mostly in need of a thorough cleaning. Second floor rear unit has some water damage from a leaking roof in the kitchen. The rest of it is mostly intact. Basement is home to righteous mechanical systems which appear to be in excellent condition. Separate electrical panels and meters for each unit, separate gas meters, hot water tanks and boilers for each unit. Seller would pay water/sewer and common area/exterior electric, which is also separate. Windows for the front of the building are present and accounted for in this space as well, so just need to install them. First floor unit is a large three bedroom with secondary entrance from the kitchen into side alley. Second floor rear is a one bedroom unit with secondary egress to the rear yard from kitchen. Second floor front unit is a one bedroom with secondary egress from the kitchen into side alley. This could be reconfigured during your renovation and possibly laid out to maybe sneak a second bedroom in. Overall, building is actually in fairly solid condition and with what appears to be tight mechanicals and fire escapes, it lends itself best as a multi-family. Due to vacancy, this building has lost it's non-conforming use variance, and is no longer recognized as a legal multi-family in the eyes of the local municipality. Buyer would be accepting this situation and would deal with it post settlement. Another option would be to gut this structure and return it to a stunning single family dwelling, with over 2300 sq ft and an expansive layout, this could be an unbelievable single family fit out. Property being sold in "AS IS" condition and there will be NO contingencies accepted regarding zoning/use of the property. Agent was able to traverse the entire physical structure with no hint of floor instability, but Listing Agent weighs 150 pounds soaking wet, so proceed with caution and common sense. Excellent Fall project to return to use in late Winter, early Spring and be on your way to enjoying possibly $2,500-3,000+ in gross monthly income. Home owners are invited, but need cash or hard money same as investors. No traditional financing will be accepted on this property, and due to condition and zoning, probably won't qualify anyway. Don't be shy, but be open, honest and realistic with your resources. This is worth the time and energy if you've got the ability to focus and be organized through the process.
- Listed by Joseph P Hurley III • Pantano Real Estate IncP: 3027405524 jphurley27@gmail.com
Property Details for 2116 Washington Street
Tax ID Number
26-022.10-411
OwnershipFee Simple
Structure TypeTwin/Semi-Detached
StyleOther
WaterfrontNo
GarageNo
Cross Street22ND
Legal SubdivisionWILMINGTON
Location
Listing Courtesy of Pantano Real Estate Inc
Sold By Century 21 Gold Key Realty
Add your commute
LISTING UPDATED: 08/26/2022 08:18 PM
Property Details for 2116 Washington Street
| Status | Closed |
|---|---|
| MLS # | DENC2000221 |
| Days on Market | 109 |
| Taxes | $1,374 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Fee Simple |
| Year Built | 1921 |
| Lot Size | 0.05 AC / 2,178 SF |
| County | New Castle County |
Location
Listing Courtesy of Pantano Real Estate Inc
Sold By Century 21 Gold Key Realty
Add your commute
Building Information for 2116 Washington Street
Stories-Residences3Year Built1921Building Size-Lot Size0.05 AC / 2,178 SF
Payment Calculator
$851 per month
30 year fixed, 7.25% Interest
Principal and Interest
$737
Property Taxes
$115
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 2116 Washington Street
Location
Location
- In City Limits: Yes
- Transportation: Airport less than 10 miles, Bus Stop less than 1 mile, Commuter Rail Station 1 to 5 miles
- School District Name: RED CLAY CONSOLIDATED
- School District County ID: 300200396545
- 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: 2021
- Tax Assessed Value: $50,500
- Year Assessed: 2021
- County Tax: $127
- Improvement Assessed Value: $46,400
- City Town Tax: $937
- Land Assessed Value: $4,100
- Clean Green Assessed: No
- Municipal Trash: Yes
- Land Use Code: 0
- Agricultural Tax Due: No
- Historic: No
- Zoning: 26R-2
- Tax Lot: 411
- School Tax: $1,246
- School Tax Payment Frequency: Annually
- Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
- Owner Pays: Electricity, Insurance, Sewer, Taxes - Real Estate, Water
- Concessions: No
Unit Information
Unit Information
- Single Room Units Count: 0
- One Bedroom Units Count: 2
- Two Bedroom Units Count: 0
- Three Bedroom Units Count: 1
- Other Units: Unit 1,Unit 2,Unit 3
- Units Furnished: None
- Units Leased Count: 0
- Number Of Units Vacant: 3
- Rent Control: No
Multi Family
Unit 1
- Type: Unit 3
- Unit Type Occupied YN: No
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Baths Total: 1
- Total Rooms: 3
Unit 2
- Type: Unit 1
- Unit Type Occupied YN: No
- Beds Total: 3
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Baths Total: 1
- Total Rooms: 6
Unit 3
- Type: Unit 2
- Unit Type Occupied YN: No
- Beds Total: 1
- Half Baths Count: 0
- Full Baths Count: 1
- Unit Type Baths Total: 1
- Total Rooms: 3
Financial Information
Financial Information
- Existing Lease Type: None
Building Info
Building Info
- Building Level Count: 2
- Building Units Total: 3
- Total Finished SQFT: 2,375.00
- Total Finished SQFT Source: Assessor
- Tax Total Finished SQFT: 2,375.00
- Total SQFT: 2,375.00
- Total SQFT Source: Assessor
- Construction Materials: Brick
- Roof: Flat
- Wall and Ceiling Types: Dry Wall, Plaster Walls
- Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick
- Basement Type: Outside Entrance, Unfinished
- Foundation Details: Stone
Lot / Land Information
Lot / Land Information
- Lot Size Source: Estimated
- Lot Size Dimensions: 23.50 x 100.00
- Lot Dimensions Source: Assessor
- Parcel ID: 2400039
- Ground Rent Exists: No
Parking
Parking
- Type Of Parking: On Street
Interior Features
Interior Features
- Fireplace: No
- Fireplaces Count: 0
- Accessibility Features: None
- Security Features: Intercom
Exterior Features
Exterior Features
- Spa: No
- Exterior Features: Fire Escape, Exterior Lighting, Sidewalks, Street Lights
- Pool: No Pool
- Other Structures: Above Grade, Below Grade
Utilities
Utilities
- Heating: Yes
- Cooling Type: None
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
- Water Source: Public
- Sewer Septic: Public Sewer
- Electric Service: 200+ Amp Service, Circuit Breakers
Confidential Data
Listing Office
- List Agent AOR: New Castle County Board of REALTORS
Property History for 2116 Washington Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2116 Washington Street
Taxable ValueLand$4,100Additions$46,400Total$50,500
Tax Record2023$1,369 ($114 / month)
Home Facts
Baths2Total Finished SqFt2,375 SqFtAbove Grade Finished SqFt2,375 SqFtStories2Lot Size2,178 SqFtStyleMulti-Family Dwelling (2-4)Year Built1921Year Renovated1984Zoning26R-2CountyNEW CASTLEAPN26-022.10-411
Schools near 2116 Washington Street
This home is within Red Clay Consolidated School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 2 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 3 to 11 |
Rating | School | Distance |
|---|---|---|
Shortlidge (Evan G.) Academy PublicK to 2 | ||
Skyline Middle School Public6 to 8 | ||
McKean (Thomas) High School Public9 to 12 | ||
First State School Public3 to 11 |
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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Listing Courtesy of Pantano Real Estate Inc
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.