Property
Wilmington, DE 19805 119 S Harrison Street
$359,000
Presented By: Crown Homes Real Estate
SQFT • 1,985
Home Details
Fantastic Investment Opportunity! Mixed use property! This listing price includes BOTH 117 S Harrison Street AND 119 S Harrison Street! TWO properties on a prime corner in Wilmington! 119 S Harrison is home to a well-established Liquor Store with a reliable, long-term tenant who pays rent punctually (often early) and has a lease that includes annual rental increases. They handle their own repairs, making this a low-maintenance investment. Property owner simply handles insurance, taxes, and roofing.
117 S Harrison is a 2-bedroom, 2-bathroom unit currently vacant - ideal for easy showings and immediate updates by new ownership. This property has previously been rented for $1,200/month, with strong income potential.
Combined, these properties can generate close to $3,000/month in passive rental income. Excellent opportunity to grow your portfolio - schedule a tour today. Sold AS IS.
Presented By: Crown Homes Real Estate
Interior Features for 119 S Harrison Street
Other Interior Features
Central Air Y/NNo
Heating FuelOther
Heating Y/NYes
Hot WaterOther
General for 119 S Harrison Street
AccessibilityOther
Association Recreation FeeN
Building NameCHESTNUT ST CAFE
Business TypeOther/General Retail
Cap Rate7.05
CityWILMINGTON
Construction MaterialsBrick
Cool FuelOther
CoolingOther
CountyNEW CASTLE
DirectionsMaps
DisclosuresAgent Related to Owner
Gross Income31920.00
HeatingOther
Historic Y/NNo
Lease Considered Y/NNo
Legal SubdivisionWILMINGTON
Lot Size Square Feet1307.00
Lot Size UnitsSquare Feet
MLS AreaWilmington (30906)
ModificationTimestamp2025-05-11T16:41:53
Net Operating Income25340.00
New ConstructionNo
Number Of Units Total2
Operating Expense6580.00
OwnerPaysTaxes - Real Estate, Insurance, Other
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG276.15
Property SubtypeMixed Use
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount1439.0
Tax Assessed Value25600.0
Tax Lot328
Tax Year2024
Total Actual Rent31920.00
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceEstimated
Zoning26R-3
Exterior for 119 S Harrison Street
Building Area Total1300.00
Land Assessed Value2200.00
Land Use Code
Lot Dimensions16.00 x 70.00
Lot Size Acres0.03
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingNone
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
YOLANDA CASSIDY-BOGAN
Associate