DE > Wilmington > Little Italy
Wilmington, DE 19805,120 N LINCOLN ST
Wilmington, DE 19805,120 N LINCOLN ST
Wilmington, DE 19805,120 N LINCOLN ST
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$195,000
Est. payment /mo
1,300 SqFt
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UPDATED:

11/22/2024 03:47 PM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,300 sqft

Price per Sqft $150

Subdivision Little Italy

MLS Listing ID DENC2072032

Style Other

Abv Grd Liv Area 1,300

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $1,368

Tax Year 2022

Lot Size 1,307 Sqft

Acres 0.03

Lot Dimensions 14.00 x 81.00

Property Description

Welcome to 120 North Lincoln Street, a two unit apartment building. This is your chance to have someone else pay your mortgage, live in the first floor and rent the second floor. Also great for an investor to add to their portfolio or the new investor looking to start their portfolio with great cash flow. Both units have separate electric, separate heat and hot water. Walk into the first floor unit with an open concept. The living room boasts laminate floors with a nicely designed kitchen that has recently been renovated. The breakfast bar is the perfect spot for morning coffee for you or your new tenant. The bedroom has new carpeting and the bathroom has new flooring as well. There is direct access to the back yard which is fenced in for privacy.
The second floor unit is currently occupied with a tenant that has been there for several years and would like to stay. The second floor unit has a newer heater in the unit as well as central air conditioning. It is a one bedroom apartment with an eat in kitchen. The bedroom is a nice sized room off of the generously sized living room. The building has lots of upgrades including some new windows, newer heaters, newer water heater. The first floor unit is currently not occupied, making it easy for you to place your new tenant at market rent or move in and let the second floor unit pay your mortgage. The exterior of the building has recently been painted and looks great. This is a great location close to shops, restaurants and parks.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-4

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Fully Carpeted, Vinyl

Fireplace N

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Red Clay Consolidated

Others

Tax ID 26-026.40-284

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Conventional, FHA 203(b)

Listing Terms Conventional, FHA 203(b)

Financing Conventional,FHA 203(b)

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Listed by Erik Bashford • EXP Realty, LLC
agent-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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