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711 Windsor St 12 Unit Apartment Building $1,650,000 ($137,500/Unit) 4% Cap Rate Wilmington, DE 19801
Investment Highlights
- off street parking
- open floor plans
- modern renovations with hardwood flooring
- value add
Executive Summary
Rare value-add opportunity close to Wilmington’s Trinity Vicinity District. This well-maintained 2012 construction apartment building offers immediate cash flow with significant growth potential—a city-approved variance is already in place to add 4 additional units in the lower level, bringing the total to 16. All units are uniform 2 BR/1 BA layouts, simplifying management and turnover. Private parking on-site. Minutes from Downtown Wilmington. Ideal for investors seeking a stabilized asset with a clear path to increased NOI.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2027) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2027) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $137,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 4% | Building Size | 10,500 SF |
| Gross Rent Multiplier | 15 | Average Occupancy | 58% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 2009/2012 |
| Property Subtype | Apartment | ||
| Zoning | 26R-4 - Residential with a variance to add 4 more apartments in the basement for a future owner. | ||
| Price | $1,650,000 |
| Price Per Unit | $137,500 |
| Sale Type | Investment |
| Cap Rate | 4% |
| Gross Rent Multiplier | 15 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.10 AC |
| Building Size | 10,500 SF |
| Average Occupancy | 58% |
| No. Stories | 3 |
| Year Built/Renovated | 2009/2012 |
| Zoning | 26R-4 - Residential with a variance to add 4 more apartments in the basement for a future owner. |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,400 | - |
1 1
Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Numbers | Total Assessment | $9,000 (2024) | |
| Land Assessment | $9,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2027 |
Property Taxes
Parcel Numbers
Land Assessment
$9,000 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$9,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2027
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711 Windsor St
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