$255,000
SOLD JAN 27, 2022
-- Bed
-- Bath
125 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$2,040 Per Sq Ft

11% Below List Price

23 Days on Market

Highlights

  • 0.07 Acre Lot
  • Colonial Architecture
  • 5-minute walk to Father Tucker Memorial Park
  • Dupont (H.B.) Middle School Rated A
  • Hot Water Heating System

About This Home

As of April 2025

Cash flowing 3-unit apartment building in Wilmington's Little Italy neighborhood. Fully rented and in good condition. Also includes income producing garage. New roof as of 2019.
Apt. 1 (2 Bedroom) - $950. Apt. 2 (2 Bedroom) - $750. Apt. 3 (1 Bedroom) - $700. Garage - $120. Net Operating Income - $20,139.67

Serious inquiries only.

Last Agent to Sell the Property

Christopher Carr

HomeZu Listed on: 11/15/2021

Last Buyer's Agent

Christopher Carr

HomeZu Listed on: 11/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,478

Year Built

  • Built in 1910

Lot Details

  • 3,049 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 125 Sq Ft Home
  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Concrete Perimeter Foundation
  • Stucco

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Natural Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • 3 Units
  • Net Operating Income $20,140

Listing and Financial Details

  • Tax Lot 085
  • Assessor Parcel Number 26-026.20-085

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,478

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Automatically Close On Close Date: No
  • Remarks Public: Cash flowing 3-unit apartment building in Wilmington's Little Italy neighborhood. Fully rented and in good condition. Also includes income producing garage. New roof as of 2019. Apt. 1 (2 Bedroom) - $950. Apt. 2 (2 Bedroom) - $750. Apt. 3 (1 Bedroom) - $700. Garage - $120. Net Operating Income - $20,139.67 Serious inquiries only.
  • Special Features: None

Interior Features

  • Foundation Details: Concrete Perimeter
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 125
  • Living Area Sq Ft: 125
  • Price Per Sq Ft: 2301.68
  • Above Grade Finished Sq Ft: 125
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1904

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Stucco
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: RED CLAY CONSOLIDATED
  • School District Key: 300200396545
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 28400.00
  • Land Assessed Value: 3900.00
  • Lot Size Acres: 0.07
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3049.00
  • Year Assessed: 2021
  • Zoning: 26C-2
  • In City Limits: No

Rental Info

  • Total Actual Rent: 30540.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2402342
  • School Tax: 797.00
  • Tax Annual Amount: 1478.00
  • Assessor Parcel Number: 26-026.20-085
  • Tax Lot: 085
  • Tax Total Finished Sq Ft: 125
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 01/27/2022

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: RED CLAY CONSOLIDATED

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2025
Closed on
Apr 28, 2025
Sold by
Madbouly Rasha
Bought by
Vaniah Realty Llc
Seller's Agent
Tatyana Barrett
Redfin Corporation
Buyer's Agent
Rajesh Veeragandham
Brokers Realty Group, LLC
List Price
$359,900
Sold Price
$403,000
Premium/Discount to List
$43,100
11.98%
Views
29
Current Estimated Value
$378,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,543
Avg. Annual Appreciation
-75.84%
Original Mortgage
$302,250
Outstanding Balance
$302,250
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$39,096

Purchase Details

Listed on
Nov 15, 2021
Closed on
Jan 27, 2022
Sold by
Nichols Joseph E
Bought by
Madbouly Rasha
Seller's Agent
Christopher Carr
HomeZu
Buyer's Agent
Christopher Carr
HomeZu
List Price
$287,710
Sold Price
$255,000
Premium/Discount to List
-$32,710
-11.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.27%
Original Mortgage
$178,500
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2016
Sold by
Karchner Craig
Bought by
Nichols Joseph E

Purchase Details

Closed on
Dec 22, 1999
Bought by
Karchner Craig
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $403,000 None Listed On Document
Deed -- None Listed On Document
Deed -- Attorney
Deed $115,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $302,250 New Conventional
Previous Owner $178,500 New Conventional
Previous Owner $485,000 Small Business Administration
Previous Owner $144,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2025 04/16/25 Sold $403,000 +12.0% $215 / Sq Ft
03/05/2025 03/05/25 For Sale $359,900 +41.1% $192 / Sq Ft
01/27/2022 01/27/22 Sold $255,000 -11.4% $2,040 / Sq Ft
12/08/2021 12/08/21 Pending -- -- --
11/15/2021 11/15/21 For Sale $287,710 -- $2,302 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,008 $32,300 $3,900 $28,400
2023 $876 $32,300 $3,900 $28,400
2022 $880 $32,300 $3,900 $28,400
2021 $878 $32,300 $3,900 $28,400
2020 $883 $32,300 $3,900 $28,400
2019 $1,533 $32,300 $3,900 $28,400
2018 $842 $32,300 $3,900 $28,400
2017 $1,431 $32,300 $3,900 $28,400
2016 $1,431 $32,300 $3,900 $28,400
2015 $1,369 $32,300 $3,900 $28,400
2014 $1,299 $32,300 $3,900 $28,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2010548

Bright MLS

APN: 26-026.20-085