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5 Winston Ave 8 Unit Apartment Building $1,200,000 ($150,000/Unit) 7.40% Cap Rate Wilmington, DE 19804
Investment Highlights
- 30 year solid cash flow property
- Long term good credit tenants
- 8 units with separate utilities
Executive Summary
Conveniently located just outside the city of Wilmington on public transportation, this apartment building is a steady cash flow property to add to your real estate portfolio. Current owner has managed this building for over 30 years. You have eight one bedroom apartment with separate utilities, off street parking for each unit, washer and dryer area for convenience and extra income and three of the units have recently been updated in the last 18 months. Tenants have been selectively screened, no late payment issues. If you are looking for a great property that is next to Richardson Park just outside the city, this is the one. Easy to view, call for your private tour today !!!!!
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,200,000 | Property Subtype | Apartment |
| Price Per Unit | $150,000 | Building Size | 4,900 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 7.40% | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1950/2025 |
| Property Type | Multifamily | ||
| Zoning | Commercial - 8 unit apartment building with off street parking. | ||
| Price | $1,200,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 7.40% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Size | 4,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2025 |
| Zoning | Commercial - 8 unit apartment building with off street parking. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 8,000 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 07-043.10-330 | Improvements Assessment | $461,200 |
| Land Assessment | $232,200 | Total Assessment | $693,400 |
Property Taxes
Parcel Number
07-043.10-330
Land Assessment
$232,200
Improvements Assessment
$461,200
Total Assessment
$693,400
Contacts
-
Meyer & Meyer Realty Peter Meyer -
Meyer & Meyer Realty Peter Meyer - Meyer & Meyer Realty
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5 Winston Ave
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