1313 GILPIN AVE Wilmington, DE 19806

Two words best describe this Trolley Square apartment building, TURN-KEY! Comprised of one 2BR and three 1BR apartments, this investment is ready for it's next owner. All four tenants were professionally vetted and screened. All four units have been updated, including a massive first floor 2BR unit with an open concept kitchen/living room and in-unit laundry. The building screams character with a two-story turret and period architectural details throughout. Many major building components have been recently replaced (roof 2018) and the slate facade was repaired and fully painted to complete a low-maintenance exterior. Rents are $1,350, $1,000, $930, and $895. All leases are annual. Electric is split per unit, including a house meter for common areas. There is a central gas-fired Weil McLean boiler. The basement houses laundry and extra storage. Owner-paid utilities average about $400/month and include heat, common area electric, and water/sewer. Add this to your investors list, it won't last long!