1401 & 1403 N BROOM ST Active Save Request In-Person Tour Request Virtual Tour
Wilmington,DE 19806
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 8,095 sqft
Price per Sqft $246
MLS Listing ID DENC2089420
Style Colonial
Abv Grd Liv Area 8,095
Year Built 1877
Annual Tax Amount $14,139
Tax Year 2024
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 26.00 x 150.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Investment Opportunity – Monument Square Apartments presents a rare chance to acquire a stabilized 10-unit multifamily property in Wilmington's sought-after Trolley Square neighborhood. The asset consists of two adjoining three-story brick buildings on separate parcels, with each apartment featuring its own character and separately metered utilities. Over the past five years, ownership has invested in both cosmetic updates and key system improvements across all units, enhancing tenant appeal and reducing near-term capital needs. The property is well-positioned to provide consistent cash flow with upside through future rent growth in a high-demand submarket. For scale-minded investors, this property can also be acquired with two adjacent buildings totaling 19 additional units plus a buildable lot, offering immediate portfolio expansion in one of Wilmington's most desirable rental corridors. Full financials and package details available upon request.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-2A
Rooms
Basement Full
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Central A/C,Window Unit(s)
Fireplace N
Heat Source Natural Gas,Oil
Exterior
Utilities Available Natural Gas Available
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-020.20-188
Ownership Fee Simple
SqFt Source 8095
Acceptable Financing Cash,Conventional,Exchange,Negotiable
Listing Terms Cash,Conventional,Exchange,Negotiable
Financing Cash,Conventional,Exchange,Negotiable
Special Listing Condition Standard