1701 W 4TH ST Wilmington, DE 19805

Unique opportunity to acquire a key commercial property situated prominently on a busy corner at 4th and DuPont Streets in Wilmington. Property consists of two retail store fronts, two apartments and a two car garage. Corner store front is rented to a restaurant through May of 2015 for 650 per month, tenant would like to extend. The other retail store front was rented for $650 on a month to month basis. Upstairs are 2 two bedroom apartments, one rented for $500 and the other for $600 per month. The residential tenants have expressed desire to extend leases. The two car garage is not rented and needs repairs. This is an outstanding opportunity to acquire this property. EXPENSES: Insurance - $2429 annually, Heat roughly $400/month, county taxes $943, city taxes $807. Owner also is selling other properties in the same immediate area; 1712 W 4th Street, a duplex and 1716 W 4th Street, a one family dwelling with a performing tenant. Property is sold as is; cash is sellers preferred form of funding.