BEDS0
BATHS
SQUARE FEET4,650
MLS#DENC2095232
STATUSACTIVE UNDER CONTRACT
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCLELAND HEIGHTS
SCHOOLRED CLAY CONSOLIDATED
Property Description
Discover a rare and high-yield investment opportunity with this versatile multi-structure property situated on a single parcel in Wilmington’s Cleland Heights. This unique setup features two distinct buildings, offering a great mix of four move-in ready renovations and significant value-add potential. The first structure is a two-story building housing two fully updated upper-level apartments and a large driveway offering plenty of off-street parking. These two-bedroom units feature top-to-bottom improvements, including durable LVP flooring, modern grey cabinetry, and bright white bathrooms, all supported by new 2023 HVAC systems and private in-unit laundry. Below them, a large lower-level space with existing bath presents a prime opportunity to build out a fifth unit (3-bed), a professional office, or functional garage bays. The second structure is a classic Cape Cod divided into a spacious two-bedroom unit on the main level and a three-bedroom unit on the 2nd floor. The upper unit features a private mudroom entrance, original solid hardwoods, and a kitchen with dark cabinetry, while the large lower unit has a fully renovated kitchen and an updated bathroom with marble tile surrounds. This unit can function as a 3-bed if desired by the tenants. Both Cape Cod units include their own laundry and fresh paint throughout. Further adding to the value, the Cape Cod building includes a full basement with separate gas boilers and separately metered electric, offering excellent storage or the potential for a sixth unit conversion. Whether you are looking for a solid house-hacking setup or a high-performing addition to your rental portfolio, this property delivers updated finishes and plenty of room to grow your equity in one package.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Outside Entrance
Basement: Yes
Cooling: Central A/C
Fireplaces: 1
Fuel Type: Natural Gas
Garage: 2
Heating: Forced Air
Home Style: Converted Dwelling, Cape Cod, Carriage House
Lot Size: 0.21 Acres
Roof Type: Pitched, Shingle
Taxes: $2,806
Year Built: 1940
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Days on Site: 49
Electric: Circuit Breakers
Exterior: Brick
Flooring: Hardwood, Luxury Vinyl Plank
Lot Dimensions: 0.21 Acre(S)
Parking Notes: Concrete Driveway
Sewer: Public Sewer
Structure Type: Detached
Three Bedroom Units: 1
Total Garage/Parking Spaces: 10
Two Bedroom Units: 3
Units: 4
Water: Public
Local Schools
School District: RED CLAY CONSOLIDATED
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
$ 1,693.83 per month $1,290.83 Principal & Interest $233.83 Property Tax $169.17 Homeowner's InsuranceChange Payment Information
1131 S Broom Street | MLS# DENC2095232
This multi-family property located at 1131 S Broom Street, Wilmington, DE 19805 is currently listed for sale with an asking price of $580,000. S Broom Street is located within the RED CLAY CONSOLIDATED school district. Search Wilmington real estate on www.realtymarkllc.com today.