Wilmington, DE 19805,547 HOMESTEAD RD
Wilmington, DE 19805,547 HOMESTEAD RD
Wilmington, DE 19805,547 HOMESTEAD RD
45
$185,000
$180,000
2.8%
Est.Price: ?

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1,575 SqFt

547 HOMESTEAD RD Wilmington, DE 19805

Est. payment /mo
SOLD DATE : 08/26/2022

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Key Details

Sold Price $185,000

Property Type Multi-Family

Sub Type Interior Row/Townhouse

Listing Status Sold

Purchase Type For Sale

Square Footage 1,575 sqft

Price per Sqft $117

Subdivision Alban Park

MLS Listing ID DENC2027216

Sold Date 08/26/22

Style Colonial

Abv Grd Liv Area 1,575

Originating Board BRIGHT

Year Built 1960

Annual Tax Amount $1,309

Tax Year 2021

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 20.20 x 150.00

Property Description

Looking to be a landlord of a multi-family building? Then this may be the opportunity you've been touting! Welcome to Alban Park! Located just on the outskirts of the City of Wilmington proper and nestled within close proximity to the Riverfront District of downtown. Homestead Rd. features an abundance of purposefully built, multi-family buildings from a bygone era. Each building features two, 2 bedroom apartments with a common area basement space for storage as well as a two car garage and driveway out back. Each unit has separate electric, gas, and water so tenants pay everything. Walk in the split foyer hallway and go up to the first floor unit on your right. Great room entrance followed by open dining and kitchen space combination. Hallway leads to full bathroom and two sizable bedrooms with ample storage capacity on the rear of the unit. Upper floor unit is a mirror of this space. Currently, the main floor is occupied with a tenant paying $850, Section 8 subsidized, on a month-to-month lease. Second floor unit is empty, features fresh cosmetics, and has an SRAP subsidized tenant set to take possession in August. Excellent opportunity to purchase two for the price of one and get the cash flowing!

Location

State DE

County New Castle

Area Elsmere/Newport/Pike Creek (30903)

Zoning NC5

Rooms

Basement Full, Garage Access, Interior Access, Outside Entrance, Unfinished, Walkout Level

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling None

Flooring Carpet, Laminate Plank, Vinyl, Hardwood

Fireplace N

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Water Access N

Roof Type Flat,Shingle

Accessibility None

Total Parking Spaces 2

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District Red Clay Consolidated

Others

Tax ID 07-043.20-122

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Joseph P Hurley III • Pantano Real Estate Inc
Bought with Michael Lewis • Crown Homes Real Estate

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Joann Stamatopoulos

Agent | License ID: 672270

+1(443) 355-1038

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