Patterson-Schwartz Real Estate1716 Chestnut Street, Wilmington, DE 19805-3990 $370,000
Interior Sq. Ft: 3,025
Acreage: 0.1
Age:81 years
Taxes: $5,017
Subdivision: Wilm #25
Design/Type:
Detached
Description
Excellent opportunity to purchase this fully occupied and performing four unit, all stone building located in the quaint and quiet Bayard Square neighborhood in the City of Wilmington. Two units accessed on the main level from separate entrances, and two units accessed through a shared, side entrance with separate front doors at the top of the steps on the second floor. First unit is a large one bedroom which has been nicely renovated. Second main floor unit is a one bedroom which has some updates and features a nice tiled bathroom. Third unit on the upper floor is extra large with three bedrooms, hardwood flooring and a tile bathroom. Fourth unit on the upper floor is a one bedroom with a cozy tiled bathroom. Large basement accessed from the rear of building with it's own dedicated exterior entrance is home to storage, washer/dryer, all four electrical panels, gas fired hot water heater and gas fired boiler for the radiant heat the building utilizes. Fenced in rear, grassy yard perfect for social distanced gatherings and other out door activities. Off street parking exists for one car on a concrete pad out front. The building is fully occupied with fresh tenants that are all on 12 month leases with plenty of time left before expiration. Landlord pays for heat, hot water, and water as well as exterior maintenance. This property has on recored with the City of Wilmington a Legal, Non-Conforming Use Variance to allow its operation as a four unit building as it is currently structured. This has been recently acquired by the owner and all supporting documents will be made available as such and transferable to the new owner. This variance was acquired first, then renovations were performed to the building, and then it was filled with tenants. Rare offering for a multi-family property with all proper documentation and fully performing. Add this to your existing portfolio, 1031 Exchange into this offering or simply start your investment career with the purchase of this property!
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Hot Water Heating, Natural Gas, None, None, Hot Water - Natural Gas, Public Water, Public Sewer, 200+ Amp Service
Garage/Parking
Driveway, Off Street, On Street
Interior
Full Basement, Carpet Flooring, Hardwood Flooring, Laminated Flooring, Vinyl Flooring, Dry Wall, Plaster Walls
Exterior
Block Foundation, Brick/Mortar Foundation, Stone Foundation, Pitched Roof, Shingle Roof, Stone Exterior, Sidewalks, Street Lights
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (32 schools)
Public Middle (12 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Bayard Middle School | Christina School District | 6–8 | Wilmington | 0.09 mi |
| First State School | Red Clay Consolidated School District | K–12 | Wilmington | 1.3 mi |
| Great Oaks Charter School | Great Oaks Charter School | 6–10 | Wilmington | 1.52 mi |
| duPont (Alexis I.) Middle School | Red Clay Consolidated School District | 6–8 | Greenville | 1.7 mi |
| Odyssey Charter School | Odyssey Charter School | K–11 | Wilmington | 1.73 mi |
| duPont (Pierre S.) Middle School | Brandywine School District | 6–8 | Wilmington | 2.51 mi |
| Gateway Lab School | Gateway Lab School | 3–8 | Wilmington | 2.89 mi |
| McCullough (Calvin R. ) Middle School | Colonial School District | 6–8 | New Castle | 3.3 mi |
| Leach (John G.) School | Colonial School District | Preschool–12 | New Castle | 4.07 mi |
| Springer Middle School | Brandywine School District | 6–8 | Wilmington | 4.57 mi |
| Stanton Middle School | Red Clay Consolidated School District | 6–8 | Wilmington | 4.67 mi |
| Read (George) Middle School | Colonial School District | 6–8 | New Castle | 4.72 mi |
Public High (14 schools)
Private (23 schools)
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This report is a detailed community overview for Wilmington (19805), Delaware.
Community Quick Facts
- Average travel time to work for people in this community: 21
- Average salary of people in this community: $40,472
Community Summary
- Population Density (ppl / mile): 7,460
- Household Size (ppl): 2.59
- Households w/ Children: 66%
Housing Inventory
- Owned: 8,218 (46.6%)
- Rented: 6,869 (39.0%)
- Vacant: 2,544 (14.4%)
- Total: 17,631
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 6.6%
- Some High School: 10.5%
- High School Graduate: 38.9%
- Some College: 17.3%
- Associate Degree: 6.0%
- Bachelor's Degree: 12.8%
- Graduate Degree: 7.9%
Income by dollar range
Median Income: $42,418
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $676
- One Bedroom: $793
- Two Bedroom: $997
- Three Bedroom: $1,187
- Four Bedroom: $1,350
© 2021 LiveBy. All Rights Reserved.
Contact Information
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or call me now at 302-285-0973
Listing Courtesy of:
Alliance Realty
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
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Listing data as of 2/28/2021.
