103 W 40TH ST Wilmington, DE 19802

LIVE IN ONEAPARTMENT / COLLECT INCOME FROM THE OTHER!!! INSTANT RESIDENCE / INVESTMENT PROPERTY IN ONE, Have your attention yet? IT ALSO QUALIFIES FOR CONVENTIONAL. FHA OR VA FINANCING! Tenant already in place in one apartment, whose rent can cover the majority of your monthly mortgage payment. Make this multi family building your home / well performing, well designed, "purpose built" rental duplex. Located at the very Northern edge of the city, this solid construction brick building and its apartments are in good, clean condition and easy to maintain and rent. Each apartment has its own: Two well sized bedrooms, separate basement, two separate entrances (front door and back stairs) per unit, nice hardwood floors, updated kitchen, spacious living room, dining room, individual laundry room, clothes washer and dryer, rear driveway access and separate rear-loaded garage (with interior access to the lower apartment) for extra income. All appliances are in good condition. New boiler installed for upstairs apartment (around 2016). Both boilers converted to gas fueled (around 2016). New central A/C in each unit (installed around 2016). Roof was inspected and seal coated in 2018. Landlord pays only cold water and sewer. All other utilities are separately metered and paid by tenants - utility providers bill tenants directly for more consistent Return On Investment to the landlord. Municipal trash collection included in city property taxes. The Lower unit is presently kept vacant on purpose and ready for you to pick your new tenant at market rent or occupy immediately upon settlement. Upper tenant is not renting a garage / storage area so that space is potential for additional income or storage for landlord.

THIS ONE WON'T LAST! Opportunity favors the prepared. Buyers must be pre-approved for financing before showing. Property qualifies for FHA, VA and conventional financing if buyer would like to occupy one unit as their residence.