408 W 21st St


Why should you invest in this property over all the options out there, including not investing in anything at all? Because this two-unit property has a terrific tenant in place whose rent is currently covering the entire mortgage payment! And the tenant will be renting their unit for at least another year or more. Both apartments have excellent leasing history over the course of current ownership, with good tenants and zero late rental payments. Each unit has a spacious kitchen with plenty of cabinet space, refrigerator, stove, and microwave. The bedrooms easily fit queen sized beds, with plenty of storage space in each unit. The entire interior has been freshly painted, top to bottom, in neutral grey color. Prospective tenants love the second floor unit, with the upper loft bedroom and exposed brick wall. The first floor unit is also an easy rent and typically leases within a month, when listed as available. The previous tenant for this unit paid $800 a month and there's potential for more. This location is within walking distance to public transportation on Baynard Boulevard and Rodney Square, and close to all major highways. Separate electric and gas utilities, and washer and dryer facilities in each apartment make this property a great purchase. Live in one and have your tenant pay your mortgage or rent them both out and have great investment for your portfolio. Note: While all information, data and measurements are assumed to be accurate, Buyer is responsible for verifying all information, data and measurements. Nothing can be construed as a guarantee. Owner is co-listing agent and a licensed Delaware real estate broker.


StatusPending - Show
Days On Site48


Market Activity 19802

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Area Information

Zip Code19802
AreaWilmington (30906)
Listing VS Median (in 19802)
low | high
77.272727272727% of Average
On Site:
low | high
54.237288135593% of Average
Listing Updated: 07/19/2018
MLS Number: 1001758052
Listing Provided By:
Manoj K Philip  of  Keller Williams Realty-Wilmington

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