$415,000 Price Analysis   ♡   Wilmington, DE 19809 6 bed 3 bath 1,875 SqFt ($221/SqFt) 0.24 acre lot. Built 1920 Listed 2024-05-14, Taxes $1,716 | ✓ USDA Eligible near Wilmington, DE |
Welcome to Holly Oak Terrace
* Sale Pending *An idyllic community in North Wilmington where history meets modern convenience. Nestled less than a quarter-mile from the Delaware River, this fully detached tri-plex presents a unique opportunity to own a home already generating revenue as well as two vacant move-in ready units. With recent updates, including recent plumbing improvements, this isn't a listing you'll want to miss. This charming property stands out with its extra-large lot, providing ample off-street parking for all occupants. Comprising three well-maintained units, each with two bedrooms, this tri-plex boasts a thoughtful layout. The common area entrance grants access to the main floor unit, while a staircase leads to the second floor, offering formal ac cess to units two and three. Unit one enjoys a private entrance through the vast east-facing porch.
The second-floor unit has recently undergone a refreshing update, making it move-in ready for you or a prime opportunity to place a tenant and generate cash flow. Meanwhile, the third-floor unit offers a unique layout, with interior access and a private exterior entrance via wooden steps from the yard. The utilities are efficiently managed with electric hot water and baseboard heating, leaving th owner responsible for water/sewer, common area electricity, trash removal and the maintenance associated with landscaping and snow removal. This property is an excellent entry point for those beginning their real estate investment journey with this property being well maintained by its current owner. For seasoned investors, it adds a valuable asset to a flourishing portfolio. Alternatively, for a primary resident, living in one unit while letting the other two generate cash flow is an enticing proposition. Opportunities like this in such a sought-after location are rare, so seize the chance to own a piece of Holly Oak Terrace. Whether you're starting your real estate journey or expanding your portfolio, this tri-plex is a gem waiting for its next chapter. Don't hesitateschedule a viewing today!
Presented by Kaiya Pinto at
Tesla Realty Group Llc.
Property MLS #DENC2061328 from BrightMLS
Heating: Yes
Lot Size Square Feet: 10453
Parking Features: Off Street
Parking Total: 4
Number of 2 Bedroom Units: 3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Map directions Map directions Map directions Map directionsSource Listing Status: Pending
County: NEW CASTLE
Source Property Type: Multi-Family
Area: NEW CASTLE
Source Neighborhood: HOLLY OAK
Postal Code Plus 4: 1557
Subdivision: HOLLY OAK
Property Subtype: Triplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $37,000 + $11,000 $48,000 | $1,716 |
| 2022 | $37,000 + $11,000 $48,000 | $4,906 |
| 2021 | $37,000 + $11,000 $48,000 | $1,736 |
| 2020 | $37,000 + $11,000 $48,000 | $1,735 |
| 2019 | $37,000 + $11,000 $48,000 | $1,731 |
| 2018 | $37,000 + $11,000 $48,000 | $1,660 |
| 2017 | $37,000 + $11,000 $48,000 | $1,635 |
| 2016 | $37,000 + $11,000 $48,000 | $1,631 |
| 2015 | $37,000 + $11,000 $48,000 | $1,503 |
| 2014 | $37,000 + $11,000 $48,000 | $1,503 |
| 2013 | $37,000 + $11,000 $48,000 | $1,494 |
| 2012 | $37,000 + $11,000 $48,000 | $1,461 |
| 2011 | $37,000 + $11,000 $48,000 | $1,330 |
| 2010 | $37,000 + $11,000 $48,000 | $1,593 |
| 2009 | $37,000 + $11,000 $48,000 | $1,313 |
| 2008 | $37,000 + $11,000 $48,000 | $1,226 |
| 2007 | $37,000 + $11,000 $48,000 | $1,181 |
$415,000
BrightMLS
Listing removed 2024-03-22
$0
BrightMLS
Relisted 2024-01-24
$415,000
BrightMLS
Listing removed 2024-01-13
$0
BrightMLS
Listed 2024-01-12
$415,000
BrightMLS
Sold 2021-02-24
$245,000
Public Record
Listing removed 2020-12-25
$0
BrightMLS
Listed 2020-10-01
$295,000
BrightMLS
Sold 1979-05-01
$45,000
Public Record
Year Built: 1920
Construction Materials: Frame
Property Age: 104
Structure Type: Detached
House Style: Colonial
Architectural Style: Detached
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.