Wilmington, DE
Property Type: MultifamilySize: 10 Units
Price: $1,650,000
CAP: 6.16%
Highlights:
- 10-Unit Apartment Building in Wilmington, DE
- Turnkey - Completely Renovated in 2021; Limestone Building that was Formerly a Church Rectory
- All New Systems Including Water, Sewer, HVAC & Electrical
- Updated Kitchens Feature New Cabinets, Granite Counters & Stainless Steel Appliances
- Gated Parking Lot in Rear
- Coin-Op Laundry & Extra Storage in Basement
Description:
Marcus & Millichap is pleased to present for sale 2810 North Monroe Street - A 10-unit multifamily property located in Wilmington, DE. Formerly the Old Christ King Church rectory, the all limestone building was converted into 10 apartments during a two-year project, completed in 2021. The building was completely renovated with all-new plumbing, sewer, HVAC, and electrical systems. High-efficiency gas furnaces, heat pumps with central air, and separate 55-gallon hot water heaters were installed. Units feature high-end finishes, including painted maple cabinets with dovetail construction, granite counter tops, and stainless steel appliances. The property features a gated parking lot that can accommodate 14 vehicles. A large basement is home to additional storage units for tenants, and coin-operated laundry. This turnkey opportunity is in a strong location in Wilmington. Tenants are responsible for electric, gas, water, and sewer.
Full Summary:
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