708 N Van Buren Street, Wilmington, DE 19805-3250 $265,000

# of Units: 2
Interior Sq. Ft: 2,725
Acreage: 0.06
Age:125 years
Taxes: $576
MLS#: DENC2077158
Design/Type:
End of Row/Townhouse

Description

Are you looking for a turn-key investment property that produces an immediate return on investment? If so, come see this fully occupied brick duplex located in Cool Springs. Rarely available, this building features 2 large apartments with separate entrances. Unit 1 is a bi-level apartment with 2 bedrooms and 2 full bathrooms with direct inside access to the basement and exclusive access to the large backyard. Unit 2 is a modern bi-level apartment with 2 bedrooms and 1.5 bathrooms, an in-unit washer/dryer connection and a NEW deck off of the primary bedroom with an awesome view of downtown Wilmington. The roof was recently replaced (Jan. 2025) and all apartments feature central air conditioning. Each unit has its own HVAC system, hot water heater and is separately metered for electric services. The landlord pays for water/sewer, grounds/lawn care, property taxes and insurance. Please see income and expense sheet for additional information. Producing just under $3,000 a month, this is a solid investment property with good rental history. You don’t want to miss this one! Building is being sold in "as is" condition.

Taxes: $576
Home Assoc: No
Condo Assoc: No
Garage: N
Basement: Y
Pool: No Pool
School Dist: Red Clay Consolidated

Features

Utilities
Forced Air Heating, Electric, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer

Garage/Parking
On Street

Interior
Carpet, Ceiling Fan(s), Combination Dining/Living, Entry Level Bedroom, Full Basement, Unfinished Basement

Exterior
Stone Foundation, Brick Exterior, Sidewalks

Contact Information

Listing Courtesy of: RE/MAX Associates-Wilmington , (302) 477-3900, john@johnwford.com

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.
Copyright BRIGHT, All Rights Reserved
Listing data as of 3/15/2025.