This Historic Trinity Vicinity property located at 906 N. Madison St can be purchased as a package along with 824 W. 9th St. (3 units) and 816 Maryland Ave. (3 units) Walking distance to offices, stores, post office and public transportation. The tenants pay their own heat and hot water.
This Historic Trinity Vicinity property located 824 W. 9th Street can be purchased as a package along with 906 N. Madison (3 units) and 816 Maryland Ave. (3 units) Located in the Historic Trinity Vicinity this 3 unit triplex fully rented within walking distance to offices, stores, post office and public transportation. The tenants pay their our heat as the units are electric baseboard. The landlord pays for the heat in the hallway which is approx. $50 per month.
This triplex is located in a very convenient city of Wilmington location close to major highways and public transportation. Each unit is separately metered for electric. Landlord pays for water and sewer. Each unit has central air and these un its are easy to keep rented. This property is a short sale so all offers are contingent upon bank approval. Price and commission are subject to bank approval. Short sale client agreement is required with all offers. Please make all showings through Frank Mathews. 48 hour notice required with all showings.
This property needs some TLC but was just recently occupied and was rented for over $2,000 a month. At this price a smart investor will make his investment back in a few short years. If some upgrades were made rents could be increased and it would be a great investment. Buyer should check zoning and usage before making an offer.