About This Home
This 0-bedroom, 0-bathroom multi-family at 1112 S RODNEY STREET in Wilmington, DE is listed for $249,500 ($367 per sqft). Built in 1940, the home offers 680 sqft of living space on a N/A lot.
Key Features
- Built in 1940
Property Details
This turn-key duplex is a low-maintenance, income-producing investment with positive cash flow. Both units have been recently renovated2024making it a strong opportunity for investors or owner-occupants looking to offset their mortgage with rental income.Each unit has a private entrance, and both share access to the backyard.
Street parking is available.Rents total $2,295/mo ($1120 & $1,175). 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 $580 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 1114 S. Rodney is also available for sale.Licensed fee appraisal was done and appraised value is $250,000. Appraisal report is available upon request.Pictures are of 1114A S. RodneyAll appointments require 24-hour notice.
Monthly Cost Estimate
$1,334/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1112 S RODNEY STREET
Wilmington, DE 19805
CLELAND HEIGHTS
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 1112 S RODNEY STREET is listed at $249,500 ($367/sqft). The estimated monthly payment is $1,335 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1940.
This property is listed by Bruno Caputo and can be reached at 3024638670.
