906 N Madison St Wilmington, DE 19801  | Multi Family
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$360,000

906 N Madison St Wilmington, DE 19801
5
Bedrooms
0
Bathrooms
3,920
sqft
1840
Year Built
Multi Family
Property Type
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About This Home

Prime Investment Opportunity Aca?!a?? Fully Rented Triplex in Historic Trinity Vicinity. High Demand Location. Solid income-producing triplex located at 906 N. Madison Street, set on a charming, tree-lined block in the highly desirable Historic Trinity Vicinity. This fully leased, three-unit property offers an attractive and versatile unit mix, including one efficiency studio unit with one full bath, one spacious 2-bedroom split unit with 2 full bathrooms, and one 2-bedroom one full bath flat on the first floorAca?!a??appealing to a broad tenant base. Ideally positioned within walking distance to offices, retail, dining, the post office, and public transportation, this location supports strong rental demand and long-term stability. A turnkey opportunity for investors seeking a well-located, income-generating multi-unit asset in the heart of the city. Tenant pays for heat, electricity and hot water. Landlord pays for water & sewer. 2 Bedroom 2 Bath Unit rent is $1,325. 2 Bedroom 1 Bath Unit rent is $1,250. Studio rent is $875. Gross rent for all three units is $41,400. Management fee is 8%. Buyer is not obligated to use the current Management Company.

Location

906 N Madison St Wilmington, DE 19801

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Listing Agent

Earl Endrich

Earl Endrich

Team Endrich powered by BHHS Fox & Roach Realtors

(56 reviews)
Avg Price Sold$491.9K
Years Experience19
Total Transactions117