14 E 40th St - Apartments FOR SALE


Wilmington, DE 19802
$1,098,000 USD
302-632-3311
14 E 40th St, Wilmington, DE for Sale
$1,098,000 USD
Apartments - FOR SALE
1/12
null | 8.65% Cap Rate

14 E 40th St
Wilmington, DE 19802


OVERVIEW

Premier mixed-use property presenting a strong cash-flow opportunity with high-yielding rental income. Ideal for investors seeking steady revenue paired with long-term capital appreciation. Key Highlights: Turnkey Investment: Fully Operational with consistent income streams Prime Location: Situated in a Commercial/Residential Area close to busy Market Street and Downtown Financial District Diversified Revenue: Multiple income sources from commercial ground-floor space and upper-level residential units Upside Potential: Opportunities to optimize rents and maximize net operating income.

FOR SALE DETAILS

PRICE

$1,098,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

5

PRICE/UNIT

$219,600

CAP RATE

8.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

NC5

APN/PARCEL ID

06-144.00-041

ASK ABOUT THIS PROPERTY

Carol PlummerKW CommercialMore Info
302-632-3311

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Carol PlummerKW CommercialMore Info
302-632-3311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.