Patterson-Schwartz Real Estate600 W 5Th Street, Wilmington, DE 19801 $349,000
Temp Off Market
Interior Sq. Ft: 2,775
Acreage: 0.04
Age:133 years
Taxes: $2,246
Subdivision: Quaker Hill
Design/Type:
End of Row/Townhouse
Description
Welcome to 600 W. 5th Street. Here is a rare opportunity to own a cash flowing multi-family triplex with amazing income potential. Location is everything, and this investment property is within walking distance to Downtown Wilmington, the Business District, the Wilmington Riverfront, and all of the revitalization and excitement happening in the City of Wilmington limits. This property offers a great investment opportunity or the chance to owner-occupy one unit while renting out the others. There are three 2 bedroom / 1 bathroom units and a detached garage. Don’t miss out on the opportunity to make it your own! Market rent for each 2 bedroom unit is approximately $1,200 and market rent for the single garage is approximately $89. The total estimated annual revenue for the aforesaid market rent is $44,268 ($3,689 monthly cash flow). The total mortgage payment (P.I.T.I. with 20% down and 6.5% int rate) is approximately $2,039 a month. The estimated cash flow using the mentioned market rent and mortgage payment would be approximately $1,650 a month!
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
High School: Christiana
Features
Utilities
Hot Water Heating, Natural Gas, None, Natural Gas, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
Detached Garage, On Street, Garage - Side Entry, Detached Garage Spaces #: 1;
Interior
Sprinkler System, Partial
Exterior
Flat Roof, Brick Exterior, Sidewalks
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (30 schools)
Public Middle (10 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| First State School | Red Clay Consolidated School District | 2–12 | Wilmington | 0.67 mi |
| Douglass School | Christina School District | 1–12 | Wilmington | 1.34 mi |
| duPont (Pierre S.) Middle School | Brandywine School District | 6–8 | Wilmington | 1.92 mi |
| duPont (Alexis I.) Middle School | Red Clay Consolidated School District | 6–8 | Greenville | 2.24 mi |
| Odyssey Charter School | Odyssey Charter School | K–12 | Wilmington | 2.54 mi |
| McCullough (Calvin R. ) Middle School | Colonial School District | 6–8 | New Castle | 3.12 mi |
| Gateway Lab School | Gateway Lab School | 3–8 | Wilmington | 3.74 mi |
| Leach (John G.) School | Colonial School District | Preschool–12 | New Castle | 3.9 mi |
| Springer Middle School | Brandywine School District | 6–8 | Wilmington | 4.37 mi |
| Read (George) Middle School | Colonial School District | 6–8 | New Castle | 4.83 mi |
Public High (14 schools)
Private (22 schools)
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This report is a detailed community overview for Wilmington (19801), Delaware.
Community Quick Facts
- Average travel time to work for people in this community: 25
- Average salary of people in this community: $42,217
Community Summary
- Population Density (ppl / mile): 3,372
- Household Size (ppl): 2.14
- Households w/ Children: 55%
Housing Inventory
- Owned: 1,970 (23.1%)
- Rented: 5,061 (59.3%)
- Vacant: 1,509 (17.7%)
- Total: 8,540
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 3.0%
- Some High School: 15.0%
- High School Graduate: 38.4%
- Some College: 20.5%
- Associate Degree: 4.6%
- Bachelor's Degree: 10.1%
- Graduate Degree: 8.3%
Income by dollar range
Median Income: $33,410
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $831
- One Bedroom: $645
- Two Bedroom: $967
- Three Bedroom: $1,068
- Four Bedroom: $977
© 2023 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-234-6038
Listing Courtesy of: Crown Homes Real Estate , (302) 504-6147
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 10/04/2023.
