Well-maintained 10-unit courtyard-style apartment complex consisting of six studios and four one-bedroom units in two side-by-side buildings on an 8,192 SF lot. This charming gated property is located in a quiet residential neighborhood and one of Wilmington’s more desirable rental pockets. Offered at an attractive 9.7 GRM & 6.5% Cap… Read More Rate on CURRENT income, the property provides stable in-place cash flow with significant upside in rents. Additional Income Includes Capital Improvements Surcharge, Laundry, and Storage Income.
>>The property has been meticulously maintained with ongoing upgrades, including copper plumbing and updated electrical. Units are separately metered for gas and electricity, the property offers on-site laundry, and tenants pay their own trash expenses, helping keep operating costs low. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Olga Wright 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Property Type
Apartment
Lot Size
0.19 Acres
Year Built
1923
MLS Number
SB26207407
Additional Details
Building
Built in 1923, 2 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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