BEDS0
BATHS
SQUARE FEET1,925
MLS#DENC2112540
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCHRISTINA
Property Description
*** Online pictures are from original renovation, prior to rental *** Turnkey Wilmington duplex with strong in-place income and meaningful recent reinvestment in the surrounding block. Bennett Street has benefited from ongoing neighborhood revitalization, including numerous renovated homes and improved streetscape conditions, as reflected in the current exterior photos. Fully renovated in 2024 and fully occupied, the property includes a 3BR/2BA unit and a 2BR/1BA unit producing $48,588 in current annual rent. At the $425,000 asking price, illustrative investor underwriting using 20% down and a 7.50% interest rate projects approximately $543/month in cash flow, a 1.23 DSCR and a 7.7% cash-on-cash return before closing costs and taxes. Well suited for either an investor seeking immediate income or an owner-occupant looking to offset housing costs with rental income. Buyer to verify all income, expenses, financing, and investment assumptions. Showings will be available from 1pm-3pm on Tues & Thur, by appointment only. Call the agent if you are interested but can't make either window.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Forced Air
Lot Size: 0.05 Acres
Roof Type: Pitched
Taxes: $2,975
Year Built: 1990
Feature Descriptions
Additional Structures: Above Grade
Appliances: Built-In Microwave, Disposal, Dryer - Electric, Energy Efficient Appliances, ENERGY STAR Refrigerator, ENERGY STAR Dishwasher, Oven/Range - Gas, Stainless Steel Appliances, Water Heater - High-Efficiency
Days on Site: 11
Electric: 200+ Amp Service
Exterior: Brick
Flooring: Luxury Vinyl Plank
Lot Dimensions: 0.05 Acre(S)
Number of Rooms: 9
Sewer: Public Sewer
Structure Type: Detached
Three Bedroom Units: 1
Two Bedroom Units: 1
Units: 2
Water: Public
Windows: Double Hung, Double Pane
Local Schools
High School: NEWARK
Middle School: DOUGLASS SCHOOL
Elementary School: BANCROFT
School District: CHRISTINA
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty
Agency Phone: 3022341888
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 1,317.74 per month $945.87 Principal & Interest $247.92 Property Tax $123.96 Homeowner's InsuranceChange Payment Information
811 Bennett Street | MLS# DENC2112540
This multi-family property located at 811 Bennett Street, Wilmington, DE 19801 is currently listed for sale with an asking price of $425,000. Bennett Street is located within the CHRISTINA school district. Search Wilmington real estate on www.realtymark.net today.