1114 S RODNEY ST Wilmington, DE 19805
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,360 sqft
Price per Sqft $183
Subdivision Cleland Heights
MLS Listing ID DENC2107828
Style Other
Abv Grd Liv Area 1,360
Year Built 1940
Annual Tax Amount $529
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 28X82
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Each unit has a private entrance, and both share access to the backyard. Street parking is available.
The second-floor apartment currently rents for $1,175, and the newly renovated first floor is projected to rent for $1,290, for combined projected income of $2,465 per month. Tenants pay gas and electric, while the owner covers water. Owner expenses include the house meter at $20 per month and city water at approximately $90 per month, with total monthly expenses of $1,714 (principle $225,000 loan), interest, taxes, insurance, water, and house meter). This results in positive cash flow of approximately $700 per month.
Located in a convenient Wilmington neighborhood close to major routes, shopping, and city amenities, this property offers reliable rental income with minimal upkeep. The adjacent property at 1112 S. Rodney is also available for sale.
Licensed fee appraisal was done and appraised value is $250,000. Appraisal report is available upon request.
All appointments require 24-hour notice.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-2
Rooms
Basement Full, Outside Entrance, Unfinished, Windows
Interior
Interior Features Bathroom - Tub Shower, Breakfast Area, Ceiling Fan(s), Combination Kitchen/Dining, Floor Plan - Traditional
Hot Water Natural Gas
Cooling None
Flooring Laminate Plank
Inclusions RANGE & REFRIGERATOR
Equipment Oven/Range - Gas, Refrigerator, Water Heater
Fireplace N
Window Features Double Hung,Energy Efficient,Screens
Appliance Oven/Range - Gas, Refrigerator, Water Heater
Heat Source Natural Gas, Electric
Exterior
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
Roof Type Rubber
Accessibility Doors - Swing In
Road Frontage Public
Garage N
Private Pool No
Building
Lot Description Front Yard, Level, Rear Yard
Foundation Brick/Mortar, Concrete Perimeter
Above Ground Finished SqFt 1360
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
Structure Type Dry Wall
New Construction N
Schools
School District Christina
Others
Tax ID 26-041.40-097
Ownership Fee Simple
SqFt Source 1360
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
GET MORE INFORMATION