Just Listed: 14 Units in Wilmington, DE

Highlights:

• 14-Unit Apartment Building in Wilmington, Delaware
• Convenient Location, Proximate to Trolley Square, Local Parks, Schools, and Shops
• Recent Capital Improvements: New Electric Meters for All Units, New Carpet in Common Areas, Complete Renovation of Select Units
• Additional Income Through Two Leased Storage Units
• Off-Street Parking and Coin-Operated Laundry Available
• Value Add: Increase Rents Upon Lease Renewal

Overview:

Marcus & Millichap is pleased to present for sale to qualified investors the fee simple interest in 818 South Broom Street - A 14-unit apartment building located in the Hedgeville neighborhood of Wilmington, Delaware. Since purchasing the building, the current owner has installed new electric meters for all units, replaced all carpet in the common areas, and completely updated 6 of the 14 units. This asset is located close to all of the amenities of Hedgeville and downtown Wilmington, including stores, restaurants, banks, Kosciuszko Park, and local schools.

818 South Broom Street is fully leased, and is comprised of 12 one-bedroom units and 2 two-bedroom units. The unit in the front portion of the building was recently converted from an office to a two-bedroom apartment. All units have access to off-street parking (located to the left of the building), and coin-operated laundry (located in the basement of the building). This asset also features two storage facilities: one in the basement and one behind the building. Both storage facilities are currently leased by individuals who plan to stay long-term.

More Information:

• Will Riter at 215-531-7059 or [email protected]
• Andrew Townsend at 215-531-7020 or [email protected]
• Clarke Talone at 215-531-7021 or [email protected]
• Ridge MacLaren at 215-531-7019 or [email protected]