1402 W 7TH ST Wilmington, DE 19805

Fantastic opportunity for a owner occupant or investor with this attractive Victorian triplex in the west hills/Cool Springs/Little Italy area of Wilmington. Only 1 block to the Saint Francis Hospital and caddy-corner from the lovely Tilton Park, surrounded by stunning Victorian architecture on N. Broom & N. Rodney St. The property has 3 separate electric meters, 3 high quality water heaters & boilers! Bilco doors give easy access for maintenance in the basement. Apartment 2 has an in-house laundry. Apartment 1 & 3 each have their own laundry located in the basement. The very long brick driveway opens to a large yard. There’s evidence that a good size garage once was located and likely would be approved for being rebuilt. OFF STREET PARKING for each apartment could be offered due to the large size of the yard if a stone parking pad were added! Replacement dual-pane windows throughout the property. The roof was taken down to the wood so one layer of architectural shingle was installed in 2005 on the main roofs. Hardwood floors in and all the main living spaces in each of the three units. The current sellers kept the rents the same for unit 2 & 3 (but have recently raised Apt 1 to $950) as when they purchased the property in 2018 so there’s room for growth to easily Increase the cap rate. Very accessible to Trolley Square, the riverfront & Market Street attractions. Very convenient to major commuting routes, the train & bus stations at 2nd & Market. For an owner-occupant there is a grant that does NOT need to be repaid, available for up to 17,500 towards your down payment and closing costs! Please book 24 hours in advance for the occupied units which must be confirmed. Tenants might be home during showings.