BEDS0
BATHS
SQUARE FEET1,360
MLS#DENC2107700
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCLELAND HEIGHTS
SCHOOLCHRISTINA
Property Description
This turn-key duplex is a low-maintenance, income-producing investment with positive cash flow. Both units have been recently renovated—2024—making it a strong opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Each unit has a private entrance, and both share access to the backyard. Street parking is available. Rents total $2,295/mo ($1120 & $1,175). Tenants pay gas and electric, while the owner covers water. Owner expenses include the house meter at $20 per month and city water at approximately $90 per month, with total monthly expenses of $1878.00 (principle $225,000 loan), interest, taxes, insurance, water, and house meter). This results in positive cash flow of approximately $400 per month. Located in a convenient Wilmington neighborhood close to major routes, shopping, and city amenities, this property offers reliable rental income with minimal upkeep. The adjacent property at 1114 S. Rodney is also available for sale. Licensed fee appraisal was done and appraised value is $250,000. Appraisal report is available upon request. Pictures are of 1114A S. Rodney All appointments require 24-hour notice.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: None
Fuel Type: Natural Gas, Electric
Heating: 90% Forced Air, Baseboard - Electric
Lot Size: 0.05 Acres
Roof Type: Rubber
Taxes: $2,494
Year Built: 1940
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Appliances: Oven/Range - Gas, Range Hood
Days on Site: 31
Electric: Circuit Breakers
Exterior: Fire Escape, Sidewalks, Street Lights, Play Area
Exterior: Brick, Concrete
Flooring: Laminate Plank
Interior: Bathroom - Soaking Tub
Location: Urban
Lot: Level
Lot Dimensions: 0.05 Acre(S)
Number of Rooms: 8
One Bedroom Units: 2
Sewer: Public Sewer
Structure Type: Twin/Semi-Detached
Studio Efficiency Units: 2
Units: 2
Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Windows: Screens, Storm, Double Hung
Local Schools
School District: CHRISTINA
Listed By / Shown By
Listed By
Agency Name: BHHS Fox & Roach-Greenville
Agency Phone: 3025718855
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
Estimate Your Payment
Estimated Payment
$ 835.88 per month $555.28 Principal & Interest $207.83 Property Tax $72.77 Homeowner's InsuranceChange Payment Information
1112 S Rodney Street | MLS# DENC2107700
This multi-family property located at 1112 S Rodney Street, Wilmington, DE 19805 is currently listed for sale with an asking price of $249,500. S Rodney Street is located within the CHRISTINA school district. Search Wilmington real estate on www.realtymarkllc.com today.