$ 580,000
-
$580,000
Price -
9
Bed -
0
Bath -
4,650
SqFt
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About the Listing CBPREWLM - 3194645,3158458
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.
Listing Highlights
Status
Active With Contingency
Days on Site
23
Property Type
Multi-Family
MLS ®
DENC2095232
Year Built
1940
Total Square Footage
4,650
Lot/Acreage
0.21
County
New Castle
Neighborhood
Cleland Heights
Area
Wilmington (30906)
School District
Red Clay Consolidated
Interior Details
- Bedrooms: 9
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces: 1, 1 Fireplace
- Floor: Hardwood,Luxury Vinyl Plank
- Above Ground Sq Ft: 4650
- Below Ground Sq Ft: 0
- Basement: Full,Outside Entrance
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: 2 car
- Parking Spaces: 10
- Lot Dimensions: 66.60 x 123.50
- Zoning: NC5
- Roof: Pitched,Shingle
- Others: Excellent,Very Good
- Sewer: Public Sewer
- Parking Features: Concrete Driveway,Garage - Front Entry,On Street,Driveway,Attached Garage,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $2,806
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
1131 S Broom St Wilmington, DE 19805
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