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612 Concord Avenue

WILMINGTON, DE 19802
  • $245,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: DENC2036894
Price Reduced
UPDATED: 70 min ago
$245,000
  • 5
    BEDS
  • 0.07
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,550
    SQFT
  • $158
    $/SQFT
Neighborhood:
Type:
Townhouse
Built:
1920
County:

School Information

High School:
School District:

Description

Start your investment journey right here and seller financing is available for this very versatile property! Prime candidate for investor, Airbnb entrepreneur, or owner/occupant: here is your opportunity to own a beautiful, well-maintained twin with two separate units with 5 rooms individually keyed for guest stay. Revenue in 2021 was approximately $80,000 including $30,000 in short-term guests through private arrangement. The lower level could easily be converted back to an owner suite, while renting out the upper level to tenants or Airbnb guests! Beautifully renovated from top to bottom, this home offers both the charm and convenience of city living. Entry to the lower level off the expansive front porch through an original glass front door, into a large foyer with painted oak flooring and a large storage closet, and a door to the utility basement. To the left, the original living room has been converted to a bedroom, adorned with a wall of built-in shelving/cabinets and newer windows. Straight back from entry is the second bedroom, offered with carpet, a lighted ceiling fan, and a double closet. The common kitchen has been completely updated and modernized, and includes a chandelier with LED lighting, plentiful cabinets, formica countertops with tiled backsplash, a Samsung stainless French refrigerator, five-burner GE gas stove, a stainless steel microhood, dual sink with sprayer and garbage disposal, and luxury wood-simulated flooring. There is room for a small table and seating at the side countertop. Just beyond is the common bathroom, with a tiled tub/shower, newer vanity and tiled floor. A mud/laundry room, complete with stacked washer/dryer and cabinets, provides entry to the fenced rear yard, which includes a patio for outside dining. The second unit, with entry through an additional front door, offers beach-themed charm throughout. There are three large bedrooms with classic accents, all with newer carpet, lighted ceiling fans, and plentiful closet space, again, each keyed separately. The charming common kitchen has room for a table, and includes a Whirlpool stainless fridge, a four-burner GE gas stove with range hood, plentiful cabinets with tiled backsplash, and a large pantry. This room opens onto a lovely sunny deck overlooking the fenced yard. The large full bath on this floor includes a claw-footed tub, tiled floor and a newer vanity. Access to the partially floored attic is from the main hall providing ample storage space. Heated by natural gas, and cooled by ceiling fans and window units, each unit has separate metering for electric, gas hot water heaters, and gas furnaces. Property is platted as multi-unit with NCC. It is set-up for 2 units with separate entrances, hot water, gas and electric. Two 2019 rental stickers can be found in the electrical panel. As far as the seller knows it has always been that way, so the property does not currently have multi-unit status with the City of Wilmington Department of Licensing and Inspections. Seller will not obtain multi-unit status prior to settlement. Buyer must have financing that is not contingent on multi-unit status. If desired, Buyer must make application for multi-status post-settlement if that is important to them. The upper and lower units could also be combined by removal of a non-structural wall in the foyers. Get started on your investment journey and schedule your private tour today! Property was inspected and repairs made Inspections completed and agreed repairs were done.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-04T16:51:05.053.
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612 Concord Avenue WILMINGTON, DE 19802

  • Price: $245,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 70 min ago
  • ID#: DENC2036894
5
Beds
2
Baths
0
½ Baths
0.07
Acres
1,550
SQFT
$158
$/SQFT
1920
Built
Neighborhood:
None Available
County:
New Castle
Area:
Wilmington (30906)
High School:
Dickinson
School District:
Red Clay Consolidated
Property Description
Start your investment journey right here and seller financing is available for this very versatile property! Prime candidate for investor, Airbnb entrepreneur, or owner/occupant: here is your opportunity to own a beautiful, well-maintained twin with two separate units with 5 rooms individually keyed for guest stay. Revenue in 2021 was approximately $80,000 including $30,000 in short-term guests through private arrangement. The lower level could easily be converted back to an owner suite, while renting out the upper level to tenants or Airbnb guests! Beautifully renovated from top to bottom, this home offers both the charm and convenience of city living. Entry to the lower level off the expansive front porch through an original glass front door, into a large foyer with painted oak flooring and a large storage closet, and a door to the utility basement. To the left, the original living room has been converted to a bedroom, adorned with a wall of built-in shelving/cabinets and newer windows. Straight back from entry is the second bedroom, offered with carpet, a lighted ceiling fan, and a double closet. The common kitchen has been completely updated and modernized, and includes a chandelier with LED lighting, plentiful cabinets, formica countertops with tiled backsplash, a Samsung stainless French refrigerator, five-burner GE gas stove, a stainless steel microhood, dual sink with sprayer and garbage disposal, and luxury wood-simulated flooring. There is room for a small table and seating at the side countertop. Just beyond is the common bathroom, with a tiled tub/shower, newer vanity and tiled floor. A mud/laundry room, complete with stacked washer/dryer and cabinets, provides entry to the fenced rear yard, which includes a patio for outside dining. The second unit, with entry through an additional front door, offers beach-themed charm throughout. There are three large bedrooms with classic accents, all with newer carpet, lighted ceiling fans, and plentiful closet space, again, each keyed separately. The charming common kitchen has room for a table, and includes a Whirlpool stainless fridge, a four-burner GE gas stove with range hood, plentiful cabinets with tiled backsplash, and a large pantry. This room opens onto a lovely sunny deck overlooking the fenced yard. The large full bath on this floor includes a claw-footed tub, tiled floor and a newer vanity. Access to the partially floored attic is from the main hall providing ample storage space. Heated by natural gas, and cooled by ceiling fans and window units, each unit has separate metering for electric, gas hot water heaters, and gas furnaces. Property is platted as multi-unit with NCC. It is set-up for 2 units with separate entrances, hot water, gas and electric. Two 2019 rental stickers can be found in the electrical panel. As far as the seller knows it has always been that way, so the property does not currently have multi-unit status with the City of Wilmington Department of Licensing and Inspections. Seller will not obtain multi-unit status prior to settlement. Buyer must have financing that is not contingent on multi-unit status. If desired, Buyer must make application for multi-status post-settlement if that is important to them. The upper and lower units could also be combined by removal of a non-structural wall in the foyers. Get started on your investment journey and schedule your private tour today! Property was inspected and repairs made Inspections completed and agreed repairs were done.
Exterior Features

Architectural Style Side-By-Side Construction Materials Brick Direction Faces East Exterior Features SidewalksStreet LightsFire Escape Garage YN No Other Structures Above GradeBelow Grade Parking Types On Street Pool No Pool Property Condition Very GoodGoodAverage Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 1550 Appliances Built-In MicrowaveDishwasherDisposalDryerOven/Range - GasRefrigeratorWasherWater Heater Basement Full Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Exclusions See Inclusions/Exclusions List Fireplace YN No Fireplaces Total 0 Flooring CarpetWoodLuxury Vinyl Plank Heating Hot Water Heating YN Yes Inclusions See Inclusions/Exclusions List Interior Features 2nd KitchenAtticBreakfast AreaBuilt-InsCarpetCeiling Fan(S)Chair RailingsEntry Level BedroomKitchen - IslandWood Floors Levels 2 Main Level Bedrooms 2 Room List Bedroom 2Bedroom 3KitchenBasementBedroom 1OtherUtility RoomBathroom 1Attic Upper Level1 Bedrooms 3

Property Features

Acceptable Financing CashSeller Financing Accessibility Features None Assessment Year 2022 Association YN No Central Air YN No Condo YN No Cooling Fuel Natural Gas Electric 100 Amp ServiceCircuit Breakers120/240V Foundation Details Stone Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN No Navigable Water YN N New Construction YN No Original MLSNumber 802106217028 Ownership Interest Fee Simple Possession ImmediateNegotiable Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 1685.00 Tax Assessment Amount 36800.00 Tax Lot 039 Total Actual Rent 81000.00 Utilities Natural Gas AvailablePhone Vacation Rental YN No Water Source Public Window Features ReplacementScreensBay/Bow Zoning 26R-2

Listing courtesy of Keller Williams Realty Wilmington: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-02-04T16:51:05.053.
 
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