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2901 N Broom St 11 Unit Apartment Building $1,585,000 ($144,091/Unit) 6.38% Cap Rate Wilmington, DE 19802
Executive Summary
SB Real Estate is pleased to present the opportunity to acquire 2901 N Broom Street “the Property”, a boutique apartment community in the Baynard Village neighborhood of Wilmington. The property comprises 11 apartment units. A mix of 8 one-bedroom and 3 two- bedroom apartments.
The Property is located on a scheduled Wilmington block only minutes away from Salesianum School and the ramp to I-95 and Amtrack Train Station, providing various ways to access.
8 One-Bedroom Units and 3 Two-Bedroom Units.
70% of the Units have been recently updated.
Freshly Painted Hallways and Carpeting
Additional Storage Rooms in the Lower Level.
Ample Off-Street Parking
The Property is located on a scheduled Wilmington block only minutes away from Salesianum School and the ramp to I-95 and Amtrack Train Station, providing various ways to access.
8 One-Bedroom Units and 3 Two-Bedroom Units.
70% of the Units have been recently updated.
Freshly Painted Hallways and Carpeting
Additional Storage Rooms in the Lower Level.
Ample Off-Street Parking
Property Facts
| Price | $1,585,000 | Property Subtype | Apartment |
| Price Per Unit | $144,091 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.38% | Building Size | 8,670 SF |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1940/1953 |
| Zoning | 26R-2A - R-2-A zoning classification is a residential district designed to preserve historical, fine residential neighborhoods | ||
| Price | $1,585,000 |
| Price Per Unit | $144,091 |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 8,670 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1940/1953 |
| Zoning | 26R-2A - R-2-A zoning classification is a residential district designed to preserve historical, fine residential neighborhoods |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 700 - 1,000 |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 26-008.30-072 | Improvements Assessment | $685,400 |
| Land Assessment | $219,300 | Total Assessment | $904,700 |
Property Taxes
Parcel Number
26-008.30-072
Land Assessment
$219,300
Improvements Assessment
$685,400
Total Assessment
$904,700
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2901 N Broom St