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502 ESSEX AVE Wilmington, DE 19804
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Key Details
Sold Price $425,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $141
MLS Listing ID DENC2038490
Sold Date 03/30/23
Style Colonial
Abv Grd Liv Area 3,000
Originating Board BRIGHT
Year Built 1954
Annual Tax Amount $2,391
Tax Year 2022
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 60.00 x 125.00
Property Description
Don't miss this rare gem! Unique opportunity for investors or owner occupant rental property. Well maintained multi-family property with 3 units plus a 2-car garage. This property offers a unique opportunity to defray your mortgage payment with rental income from the 2 other units. Main floor unit is a spacious 2 Bedroom, 1.5 bath with bonus room on the main level of this classic home, conveniently located off of Boxwood Road. This floor plan consists of 2 large bedrooms plus an office or bonus room, living room, dining room, screened front porch, eat-in kitchen. Refinished hardwood flooring throughout main living and bedrooms. Laundry included in the basement with lots of storage. Off street parking plus garage and fully fenced backyard. The kitchen was remodeled in 2018 to include new cabinets, stainless steel appliances, tile backsplash, luxury vinyl tile flooring and beautiful countertops. The 2nd floor unit in the main house is a huge 1 bedroom, 1 bath apartment with spacious Living room/ Dining room, Kitchen and front porch. Above the garage you will find a cozy 1 bedroom, 1 bath apartment with kitchen. Also fully renovated kitchen in 2018. Updates include, Insulated inside of garage, installed french drain with sump pump in basement, main level apt. recently painted as well as entire exterior of house and garage. All 3 apartments separately metered for Electric. Full basement with plenty of storage and walk out stairs with separate entrance. Centrally located near Amazon, Prices Corner shopping center, Rt. 141, with easy access to I-95, I-495, I-295 or Rt. 1.
Location
State DE
County New Castle
Area Elsmere/Newport/Pike Creek (30903)
Zoning NC5
Rooms
Basement Outside Entrance, Sump Pump, Walkout Stairs, Interior Access, Full, Drainage System, Drain
Interior
Interior Features Built-Ins, Carpet, Ceiling Fan(s), Cedar Closet(s), Combination Kitchen/Dining, Dining Area, Kitchen - Galley, Pantry, Wood Floors
Hot Water Natural Gas, Oil
Heating Hot Water, Radiator
Cooling Ceiling Fan(s), Window Unit(s)
Flooring Hardwood, Luxury Vinyl Tile, Ceramic Tile
Fireplaces Number 1
Equipment Built-In Microwave, Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
Fireplace Y
Appliance Built-In Microwave, Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
Heat Source Natural Gas, Oil
Exterior
Exterior Feature Porch(es), Screened
Garage Spaces 5.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Water Available
Water Access N
Roof Type Asphalt
Accessibility None
Porch Porch(es), Screened
Total Parking Spaces 5
Garage N
Building
Lot Description Rear Yard, Open, SideYard(s), Front Yard
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 07-042.20-520
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Bayard Williams • House of Real Estate