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2502 BAYNARD BLVD Wilmington, DE 19802
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Key Details
Sold Price $220,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,925 sqft
Price per Sqft $114
Subdivision Concord Heights
MLS Listing ID DENC2004538
Sold Date 03/02/22
Style Traditional
Bedrooms 3
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 1,925
Originating Board BRIGHT
Year Built 1928
Annual Tax Amount $2,749
Tax Year 2021
Lot Size 2,614 Sqft
Acres 0.06
Lot Dimensions 56.00 x 118.70
Property Description
Property being sold as a Short Sale. Third Party processor required (see attached disclosures) All offers and real estate agent commissions are subject to 3rd party mortgage company approval and subject to the seller (s) acceptance of those approval terms.INVESTOR ALERT !!! Come see this wonderful opportunity to get started in investment properties or to add to your portfolio. This 3 level house in popular Baynard Blvd location. Close to everything. This multi-unit building is in the tip of the historic district and has a lot of old world charm. All floors, H/W flooring, custom trim and wood casing rarely seen in today's building environment. Main level fireplace is a plus. Main level has access to basement for storage Access to 2nd floor and 3rd floors separate entrance. Separate meters. Off Street parking is available for tenants. This a great multi-unit building in a great location. Seller wishes to sell property as is condition.
No Central Air Conditioning
All Water Heaters Need to be replaced
Plaster work/repair where toilet above leaked and several
other areas need patching
Will need to do your own due diligence and inspections
LIVE IN ONE APARTMENT, LET THE OTHER 2 PAY YOUR MORTGAGE. Wowbuy this home and it will pay for itself.
The income you make in the future will count towards your qualifying income!!! Located in a highly residential area, this building with some hard work and cash can perform as a rental tri-plex. The main floor entry can be used as your own home, or
rent all three units. It could also be used for home plus office, or renovate into a huge one story home. The options are countless.
Each apartment could rent for $1,000+ P/M. Each apartment could enjoy its own dedicated heating, central cooling and hot water systems so the tenants pay all of the utilities (except sewer and water) Building in need of renovation.
Located in a highly owner-occupied residential neighborhood within great access to public transportation, downtown business center, Riverfront attractions and amenities, Interstate Highway 95 and 4 miles to St. Elizabeth's school and park. Trash collection is included in municipal taxes.
This is a rarely available, multi family property in need of renovation. Showings are limited to two open houses.watch for scheduling. First will be for investors only, second will be for all interested buyers. First week in September. Property is coming soon no visitation at present time.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-2A
Direction North
Rooms
Other Rooms Kitchen
Basement Connecting Stairway
Main Level Bedrooms 1
Interior
Interior Features 2nd Kitchen, Additional Stairway, Ceiling Fan(s), Dining Area, Wood Floors, Built-Ins
Hot Water Multi-tank
Heating Steam
Cooling None
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Wood
Equipment Dryer, Oven - Single, Refrigerator, Washer
Furnishings No
Fireplace Y
Appliance Dryer, Oven - Single, Refrigerator, Washer
Heat Source Natural Gas
Laundry Basement
Exterior
Exterior Feature Porch(es), Wrap Around
Parking Features Additional Storage Area
Garage Spaces 3.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
Roof Type Asbestos Shingle
Accessibility None
Porch Porch(es), Wrap Around
Road Frontage City/County
Total Parking Spaces 3
Garage Y
Building
Lot Description Level
Story 3
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 3
Additional Building Above Grade, Below Grade
Structure Type Plaster Walls
New Construction N
Schools
Elementary Schools Warner
Middle Schools Skyline
High Schools John Dickinson
School District Red Clay Consolidated
Others
Pets Allowed Y
Senior Community No
Tax ID 26-015.10-124
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, FHA 203(b)
Horse Property N
Listing Terms Cash, Conventional, FHA 203(b)
Financing Cash,Conventional,FHA 203(b)
Special Listing Condition Short Sale
Pets Allowed Cats OK, Dogs OK
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Bought with Sharon E Lambert • Weichert Realtors-Limestone