102 LORE AVE Wilmington, DE 19809

Incredible opportunity to own a 5 unit income property near the popular and historic town of Bellefonte! This solid brick, 3 story building sits an a large well manicured property with a detached garage. Each unit features 1 bedroom, 1 bathroom, a living room, and a kitchen. Hardwood floors throughout, off street parking, and a convenient location make this a great investment opportunity. Building needs some TLC to bring it back to it's glory. Potential annual income of $42,900 if all units rented at $700/month and garage rented at $75/month. Expenses disclosed are based on actual figures from 2014 and 2015 when 3 units were occupied the majority of the time, with an additional $1000 added to 'other expenses' to account for the additional electricity and water that would be used if all units were occupied. ('Other expenses' include: $306 for trash/recycle; $1,091 for grass cutting; $1,000 for estimated additional gas/electric/water if all units were occupied). Current utility setup is 1 heater/thermostat and 1 electric meter for entire building. Buyer to confirm all financial figures before proceeding.