$425,000

315 CENTRAL AVENUE, Wilmington, DE 19805

  • 2,675 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1930
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $159/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

This is a rare investment opportunity to acquire a well-maintained duplex at 315-317 Central Ave in Wilmington, DE, offering both immediate rental income and significant potential future income. With two 3-bedroom, 2-bathroom units, this property is perfectly designed for long-term investment, providing the ideal setup for renters or owners looking for spacious living. Unit 315 has been completely renovated and is move-in ready, featuring modern updates throughout, including all new appliances. This unit is currently vacant, making it an excellent opportunity for an owner-occupant or to attract new tenants right away. Unit 317 is currently occupied by a tenant under a lease that runs through June 2025, paying $1,440/month with the potential to increase up to $1,800/month once the lease allows, offering substantial potential future income. The property is strategically located in a desirable area of Wilmington, with easy access to local amenities, shopping, dining, and public transportation. The combination of a renovated, vacant unit and an occupied unit with an established tenant makes this duplex an exceptional and rare investment opportunity. Whether you're looking to add to your portfolio or explore a property that provides both immediate and long-term rental income, this is a prime opportunity. Don’t miss your chance to own this income-producing duplex in a growing market. Schedule a showing today and seize this rare opportunity.

Listing Status:
Pending
Date Added:
May 30, 2025 at 05:00AM
Listing Office:
Keller Williams Realty Wilmington : 3022991100
Listing Agent:
Rakan I Abu-Zahra : 3022457668
MLS ID:
DENC2079084

This listing courtesy of Rakan I Abu-Zahra, Keller Williams Realty Wilmington

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Baltz (Austin D.) Elementary School

1500 Spruce Ave, Wilmington, DE, 19805

Grades KG-5

0.86 miles away

C

Conrad Schools of Science

201 Jackson Ave, Wilmington, DE, 19804

Grades 6-12

0.92 miles away

C

Conrad Schools of Science

201 Jackson Ave, Wilmington, DE, 19804

Grades 6-12

0.92 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.