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Becky Shaible

[email protected] +1(570) 971-7833

Listed by Daniel Shainsky • Coldwell Banker Realty

$ 549,900

Est. payment -/mo

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1131 S BROOM ST Wilmington, DE 19805

4,650 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,650 sqft

Price per Sqft $118

Subdivision Cleland Heights

MLS Listing ID DENC2095232

Style Converted Dwelling,Cape Cod,Carriage House

Abv Grd Liv Area 4,650

Year Built 1940

Annual Tax Amount $2,806

Tax Year 2025

Lot Size 9,148 Sqft

Acres 0.21

Lot Dimensions 66.60 x 123.50

Property Sub-Type Detached

Source BRIGHT

Property Description

Discover a rare and high-yield investment opportunity with this versatile multi-structure property situated on a single parcel in Wilmington's Cleland Heights. This unique setup features two distinct buildings, offering a great mix of four move-in ready renovations and significant value-add potential. The first structure is a two-story building housing two fully updated upper-level apartments and a large driveway offering plenty of off-street parking. These two-bedroom units feature top-to-bottom improvements, including durable LVP flooring, modern grey cabinetry, and bright white bathrooms, all supported by new 2023 HVAC systems and private in-unit laundry. Below them, a large lower-level space with existing bath presents a prime opportunity to build out a fifth unit (3-bed), a professional office, or functional garage bays. The second structure is a classic Cape Cod divided into a spacious two-bedroom unit on the main level and a three-bedroom unit on the 2nd floor. The upper unit features a private mudroom entrance, original solid hardwoods, and a kitchen with dark cabinetry, while the large lower unit has a fully renovated kitchen and an updated bathroom with marble tile surrounds. This unit can function as a 3-bed if desired by the tenants. Both Cape Cod units include their own laundry and fresh paint throughout. Further adding to the value, the Cape Cod building includes a full basement with separate gas boilers and separately metered electric, offering excellent storage or the potential for a sixth unit conversion. Whether you are looking for a solid house-hacking setup or a high-performing addition to your rental portfolio, this property delivers updated finishes and plenty of room to grow your equity in one package.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning NC5

Rooms

Basement Full, Outside Entrance

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Hardwood, Luxury Vinyl Plank

Fireplaces Number 1

Fireplace Y

Heat Source Natural Gas

Exterior

Parking Features Garage - Front Entry

Garage Spaces 10.0

Water Access N

Roof Type Pitched,Shingle

Accessibility None

Attached Garage 2

Total Parking Spaces 10

Garage Y

Building

Foundation Brick/Mortar

Above Ground Finished SqFt 4650

Sewer Public Sewer

Water Public

Architectural Style Converted Dwelling, Cape Cod, Carriage House

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

School District Red Clay Consolidated

Others

Tax ID 07-039.20-341

Ownership Fee Simple

SqFt Source 4650

Acceptable Financing Conventional, Cash, Bank Portfolio, Private

Listing Terms Conventional, Cash, Bank Portfolio, Private

Financing Conventional,Cash,Bank Portfolio,Private

Special Listing Condition Standard

Becky Shaible

Marketing Real Estate at the Highest Level in PA | UnknownRS343194

+1(570) 971-7833

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Becky Shaible

1131 S BROOM ST Wilmington, DE 19805

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1131 S BROOM ST