Bought with Ricky A Hagar • Empower Real Estate, LLC
$130,000
$139,900
7.1%For more information regarding the value of a property, please contact us for a free consultation.
1127 LANCASTER AVE Wilmington, DE 19805
3 Beds
1 Bath
1,075 SqFt
Key Details
Sold Price $130,000
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,075 sqft
Price per Sqft $120
Subdivision Wilm #26
MLS Listing ID DENC2080906
Sold Date 05/30/25
Style Traditional
Bedrooms 3
Full Baths 1
HOA Y/N N
Abv Grd Liv Area 1,075
Year Built 1900
Annual Tax Amount $566
Tax Year 2024
Lot Size 871 Sqft
Acres 0.02
Lot Dimensions 16.00 x 60.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
INVESTOR ALERT! Prime Opportunity – Investment or Starter Home! Don't miss this excellent opportunity to own a 3-bedroom, 1-bath townhome with strong investment potential. Currently occupied by a long-term, month-to-month tenant who is open to staying—and aware that rent adjustments may occur under new ownership—this property offers immediate rental income. A New Roof was installed in 2024, and the Hot Water Heater and Furnace are only seven years old and have been serviced regularly.
With a bit of TLC, there is significant upside in both property value and potential rental income. Similar homes in the area are generating rents between $1,200 and $1,500 per month, creating a path for increased cash flow. Located in a high-demand rental area, this home offers convenient access to shopping, dining, and major roadways—ideal for both tenants and future buyers. Whether you are an experienced investor or looking for your next project, this property is brimming with possibilities. Schedule your private showing today! Property is being sold As-Is.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-3
Rooms
Other Rooms Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Laundry
Basement Full, Unfinished
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Senior Community No
Tax ID 26-034.30-501
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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