Property

Delaware City, DE 19706 319 Washington Street

$415,000

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Presented By: Phoenix Real Estate
  • MLS# DENC2088762
  • 09/04/2025
  • Request Tour
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  • Beds • 4

Home Details

Turnkey Investment Opportunity Fully Renovated 3-Unit Apartment Building Discover an exceptional investment opportunity in the heart of a charming small town a fully renovated, income-generating 3-unit apartment building that combines modern luxury with small-town appeal. This property has been meticulously updated from top to bottom, including all-new electrical, HVAC, and plumbing systems, ensuring long-term peace of mind and reduced maintenance costs for years to come. Each of the three spacious units features brand-new luxury vinyl plank flooring, adding durability and style throughout. The high-end kitchens are outfitted with sleek granite countertops, new cabinetry, and modern appliances, offering both functionality and a touch of elegance. Bathrooms have been fully updated, reflecting contemporary finishes and thoughtful design. With all units currently fully leased, this property offers immediate cash flow in a sought-after, quaint small-town setting known for its friendly community and strong rental demand. Whether you're a seasoned investor or just starting your portfolio, this turnkey property checks every box modern systems, designer finishes, and solid income. Dont miss this rare opportunity!
Presented By: Phoenix Real Estate

Interior Features for 319 Washington Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
BasementUnfinished
Basement (Y/N)Yes
Central Air Y/NNo
Fireplace Y/NNo
FlooringLuxury Vinyl Plank
Furnished UnitsNone
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 319 Washington Street

Acceptable FinancingCash, Conventional, FHA, VA
AccessibilityNone
Architectural StyleColonial
CityDELAWARE CITY
Construction MaterialsFrame
Cool FuelElectric
CoolingDuctless/Mini-Split
CountyNEW CASTLE
DirectionsLocated on Washington Street in Delaware City.
ExclusionsAll tenant's personal property is excluded.
Garage Y/NNo
Gross Income47880.00
HeatingForced Air
Legal SubdivisionDELAWARE CITY
Living Area2016
Lot Size Square Feet4356.00
Lot Size UnitsSquare Feet
MLS AreaNew Castle/Red Lion/Del.City (30904)
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
NumberOfUnitsVacant
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
OwnerPaysWater, Sewer
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG205.85
Property ConditionExcellent
Property SubtypeTriplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofArchitectural Shingle
School DistrictCOLONIAL
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeDetached
Tax Annual Amount1477.0
Tax Assessed Value36900.0
Tax Lot056
Tax Year2024
Total Actual Rent47880.00
Total SQFT2756
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1910
Year Built SourceAssessor
Zoning22R-1

Exterior for 319 Washington Street

Foundation DetailsBlock
InclusionsAll appliances and fixtures located at the property.
Land Assessed Value4400.00
Lot Dimensions45.00 x 100.00
Lot Size Acres0.10
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Total Parking Spaces3
Type of ParkingDriveway, Off Street, On Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Schools

Middle School Gunning Bedford Middle School
High School William Penn High School
Elementary School Southern Elementary School

Brian Lee

Associate
Price $415,000
MLS#DENC2088762
List Date 09/04/2025
Property Type Contingent
Phone (855) 905-8555
Request Tour
Request Info
Visit My Website

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