Wilmington, DE 19805,501 N LINCOLN ST
See all 49 photos
Wilmington, DE 19805,501 N LINCOLN ST
Wilmington, DE 19805,501 N LINCOLN ST
Wilmington, DE 19805,501 N LINCOLN ST
Wilmington, DE 19805,501 N LINCOLN ST

$300,000

Est. payment /mo

$297,500

0.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

501 N LINCOLN ST Wilmington, DE 19805

1,742 Sqft Lot

SOLD DATE : 06/28/2021

Key Details

Sold Price $300,000

Property Type Multi-Family

Sub Type End of Row/Townhouse

Listing Status Sold

Purchase Type For Sale

MLS Listing ID DENC526102

Sold Date 06/28/21

Style Victorian

HOA Y/N N

Originating Board BRIGHT

Year Built 1911

Annual Tax Amount $804

Tax Year 2020

Lot Size 1,742 Sqft

Acres 0.04

Lot Dimensions 19.70 x 80.00

Property Description

This 4 Unit Investment Property in Wilmingtons Popular Westside / Little Italy Neighborhood has many options For Investors Rent out as 4 units-- For Home Owner Live in owners unit on 2nd Floor and rent out 3 remaining units-- OR - Combine 2nd Floor and 3rd Floor units into one large 2 story apartment to live in or rent out along with the 2 first floor units. Building is comprised of the following: Apartment #1 2 Bedroom, 1 Bathroom, new carpeting, separate front entrance. Apartment #2 Large efficiency with separate kitchen, new carpeting, main entrance on 5th street plus rear entrance. Apartment #3 2nd Floor Owners unit, large kitchen, private Washer/Dryer, porch. Apartment #4 3rd Floor needs completion includes 2 rooms with new windows and is ready for kitchen, bath and flooring. This unit could be combined with Apartment #3 to make one large 2 story unit. Separate gas & electric meters for each apartment. Tenants pay their own electric & gas (cooking). Owner pays for heat, hot water, taxes, insurance, water & sewer, maintenance. This property is in superior condition as the owner lived in Apartment #3 for years and maintained the building as an owner/occupant. Great Opportunity to invest in one of the most popular areas of the City !

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26C-2

Interior

Interior Features Carpet, Wood Floors, Ceiling Fan(s)

Hot Water Natural Gas

Heating Radiator

Cooling Multi Units, Window Unit(s)

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type On Street

Garage N

Building

Sewer Public Sewer

Water Public

Architectural Style Victorian

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Red Clay Consolidated

Others

Tax ID 26-026.20-124

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Bright MLS (BMLS)
Listed by Michael A Porro • Long & Foster Real Estate, Inc.
Bought with Jeff P Derp • Long & Foster Real Estate, Inc.

Cathi Powell

Realtor, Team Lead | License ID: MD-587850

+1(410) 419-5550

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.