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Map
$416,418*
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Multifamily -
Off Market
1716 CHESTNUT STREET
WILMINGTON, DE 19805
Studio
0 Bath
3025 Sqft
$333,000 - $407,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
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!
The manager has listed the unit size as 3025 square feet.
The manager has listed the unit size as 3025 square feet.
Unit Size
3,025Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$122
Property Type
Multifamily
Property Taxes
$5,017
HOA Dues
-
Year Built
1940
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Sep 7, 2022 | Sold to Joseph King, Nikita Donti | $355,000 | |
Sold to Joseph King, Nikita Donti | |||
Oct 8, 2021 | No longer available | - | |
No longer available | |||
May 24, 2021 | Sold to Donte A Handy | $332,500 | |
Sold to Donte A Handy | |||
Apr 10, 2021 | In contract | - | |
In contract | |||
Feb 16, 2021 | Price Decreased |
$370,000
↓ $10K
(2.6%)
|
|
Price Decreased |
Show More
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Townhouse
3
Beds
2.5
Baths
1,575 ft²
$209/ft²
$329,900
Dec 9, 2022
-
$188/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/06/2022
|
|
Studio
|
-
|
3025 ft²
|
$379,900
Studio
-
3025 ft²
|
-
-
|
-
|
Candice Santoro
Compass
|
10/26/2020
|
|
Studio
|
-
|
3025 ft²
|
$400,000
Studio
-
3025 ft²
|
$332,500
-16.88%
05/24/2021
|
Joseph Hurley
|
|
05/01/2019
|
|
4 Bed
|
3 Bath
|
3025 ft²
|
$180,000
4 Bed
3 Bath
3025 ft²
|
-
-
|
-
|
-
|