Wilmington, DE 19805,315-17 CENTRAL AVE
Wilmington, DE 19805,315-17 CENTRAL AVE
Wilmington, DE 19805,315-17 CENTRAL AVE
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Listed by Rakan I Abu-Zahra • Keller Williams Realty Wilmington
$425,000
Est. payment /mo
2,675 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,675 sqft

Price per Sqft $158

MLS Listing ID DENC2079084

Style Other

Abv Grd Liv Area 2,675

Originating Board BRIGHT

Year Built 1930

Available Date 2025-04-12

Annual Tax Amount $1,875

Tax Year 2024

Lot Size 9,147 Sqft

Acres 0.21

Lot Dimensions 75.00 x 120.00

Property Sub-Type Detached

Property Description

This is a rare investment opportunity to acquire a well-maintained duplex at 315-317 Central Ave in Wilmington, DE, offering both immediate rental income and significant potential future income. With two 3-bedroom, 2-bathroom units, this property is perfectly designed for long-term investment, providing the ideal setup for renters or owners looking for spacious living.
Unit 315 has been completely renovated and is move-in ready, featuring modern updates throughout, including all new appliances. This unit is currently vacant, making it an excellent opportunity for an owner-occupant or to attract new tenants right away.
Unit 317 is currently occupied by a tenant under a lease that runs through June 2025, paying $1,440/month with the potential to increase up to $1,800/month once the lease allows, offering substantial potential future income.
The property is strategically located in a desirable area of Wilmington, with easy access to local amenities, shopping, dining, and public transportation. The combination of a renovated, vacant unit and an occupied unit with an established tenant makes this duplex an exceptional and rare investment opportunity. Whether you're looking to add to your portfolio or explore a property that provides both immediate and long-term rental income, this is a prime opportunity.
Don't miss your chance to own this income-producing duplex in a growing market. Schedule a showing today and seize this rare opportunity.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning NC5

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Red Clay Consolidated

Others

Tax ID 07-038.30-107

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard


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Rina Vachhani

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