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600 N West St 7 Unit Apartment Building $760,000 ($108,571/Unit) Wilmington, DE 19801
Investment Highlights
- Value Add - 2 units need to be updated
- Updated units
- Hot water tank for each unit
- Under market rents
- All new windows, flooring, kitchens, and baths
Executive Summary
KW Commercial is pleased to exclusively present for sale, 7 multifamily units located in the Quaker Hill neighborhood of Wilmington.? Situated on a beautiful block lined with historical brick buildings, 600 N West Street is a three-story, 7,233 SF structure that offers a great unit mix of units one (1) studio, four (4) 1 bedroom 1 bath units, and two (2) 2 bedroom 1 bath units.? Five out of the seven units have been fully renovated and feature new windows, flooring, kitchens, and bathrooms.? All units have walk out balconies, their own water heaters, and separately metered electric which the tenants pay.? The building is serviced by one boiler and the landlord currently pays for the oil heat.?
If you’re looking for 5 additional units, please check out the neighboring property located at 305 W 6th St, which is also available for sale.?
If you’re looking for 5 additional units, please check out the neighboring property located at 305 W 6th St, which is also available for sale.?
Property Facts
| Price | $760,000 | Apartment Style | Low-Rise |
| Price Per Unit | $108,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| No. Units | 7 | Building Size | 7,233 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1920 |
| Zoning | 26R5-B | ||
| Price | $760,000 |
| Price Per Unit | $108,571 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 7,233 SF |
| No. Stories | 3 |
| Year Built | 1920 |
| Zoning | 26R5-B |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 26-035.30-197 | Improvements Assessment | $669,400 |
| Land Assessment | $129,000 | Total Assessment | $798,400 |
Property Taxes
Parcel Number
26-035.30-197
Land Assessment
$129,000
Improvements Assessment
$669,400
Total Assessment
$798,400
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600 N West St
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