Wilmington, DE 19809,105 E HOLLY OAK RD
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Wilmington, DE 19809,105 E HOLLY OAK RD
Wilmington, DE 19809,105 E HOLLY OAK RD
Wilmington, DE 19809,105 E HOLLY OAK RD
Wilmington, DE 19809,105 E HOLLY OAK RD

$400,000

Est. payment /mo

$415,000

3.6%
Est.Price: ?

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105 E HOLLY OAK RD Wilmington, DE 19809

1,875 SqFt

SOLD DATE : 06/21/2024

Key Details

Sold Price $400,000

Property Type Multi-Family

Sub Type Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,875 sqft

Price per Sqft $213

Subdivision Holly Oak

MLS Listing ID DENC2061328

Sold Date 06/21/24

Style Colonial

Abv Grd Liv Area 1,875

Originating Board BRIGHT

Year Built 1920

Annual Tax Amount $1,698

Tax Year 2022

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 100.00 x 140.00

Property Description

Welcome to Holly Oak Terrace, an idyllic community in North Wilmington where history meets modern convenience. Nestled less than a quarter-mile from the Delaware River, this fully detached tri-plex presents a unique opportunity to own a home already generating revenue as well as two vacant move-in ready units. With recent updates, including recent plumbing improvements, this isn't a listing you'll want to miss.

This charming property stands out with its extra-large lot, providing ample off-street parking for all occupants.

Comprising three well-maintained units, each with two bedrooms, this tri-plex boasts a thoughtful layout. The common area entrance grants access to the main floor unit, while a staircase leads to the second floor, offering formal access to units two and three. Unit one enjoys a private entrance through the spacious east-facing porch.

The second-floor unit has recently undergone a refreshing update, making it move-in ready for you or a prime opportunity to place a tenant and generate cash flow. Meanwhile, the third-floor unit offers a unique layout, with interior access and a private exterior entrance via wooden steps from the yard.

The utilities are efficiently managed with electric hot water and baseboard heating, leaving the owner responsible for water/sewer, common area electricity, trash removal, and the maintenance associated with landscaping and snow removal.

This property is an excellent entry point for those beginning their real estate investment journey with this property being well maintained by its current owner. For seasoned investors, it adds a valuable asset to a flourishing portfolio. Alternatively, for a primary resident, living in one unit while letting the other two generate cash flow is an enticing proposition.

Opportunities like this in such a sought-after location are rare, so seize the chance to own a piece of Holly Oak Terrace. Whether you're starting your real estate journey or expanding your portfolio, this tri-plex is a gem waiting for its next chapter. Don't hesitate—schedule a viewing today!

Location

State DE

County New Castle

Area Brandywine (30901)

Zoning NC6.5

Rooms

Basement Partial

Interior

Hot Water Electric

Heating Hot Water

Cooling None

Flooring Carpet, Vinyl

Fireplace N

Heat Source Electric

Exterior

Exterior Feature Porch(es)

Garage Spaces 4.0

Water Access N

Roof Type Pitched,Shingle

Accessibility None

Porch Porch(es)

Total Parking Spaces 4

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

Structure Type Dry Wall,Plaster Walls

New Construction N

Schools

School District Brandywine

Others

Tax ID 06-116.00-099

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional, FHA 203(k)

Listing Terms Cash, Conventional, FHA 203(k)

Financing Cash,Conventional,FHA 203(k)

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Kaiya Pinto • Tesla Realty Group, LLC
Bought with Aaron Reginald Thomas Jr. • English Realty

Meggie Carpenter

Advisor | License ID: 654291

+1(410) 303-9172

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