1801 Linden St, Wilmington, DE 19805

LIVE IN ONE UNIT - COLLECT INCOME FROM THE OTHER TWO!!! Here’s a fantastic and unique opportunity to acquire this beautiful well-built, stately looking multi family “HOME” on an open corner lot - formerly the self-built single family home of a well-known local builder - later converted to a multi family property.  It has one expansive 3BR apartment on the main floor and two spacious 1 BR apartments on the upper level.   This is a perfect setup for (A) One or several family members to all have their own private space under one roof OR (B) for an investor/landlord. MAIN FLOOR: Apartment A is a large 3 bedroom / 2 full bath apartment covering the entire expanse of the main floor.  More like a home than an apartment, it has a dining room, living room, family room, an abundance of closets for storage and a side porch.  The first floor has replacement windows and central air.  This apartment is being enjoyed by long term tenants. UPPER FLOOR: On the upper level there are two nice large, bright 1 BR / 1 BA apartments, both with separate living room, dining room and kitchen.  Apartment B has been renovated (including new independent HVAC system) and rental applications are  presently in process.  Apartment C recently became vacant and the seller is keeping this open for a potential owner-occupant buyer.  Smart buyer could move into one and COLLECT INCOME from the other two units to cover mortgage and operating expenses.   SPECIAL DETAILS: Nicely appointed charming and decorative architectural details are to be enjoyed throughout the interior and exterior of the building such as beautiful hardwood floors, custom moldings, solid nicely trimmed maple doors, beautiful archways and pink stucco exterior. BASEMENT / ATTIC STORAGE: There is a large, full footprint clean basement with laundry facilities, large clean open space storage capacity, easy access to the mechanical systems, basement walk-up stairs to the rear exterior and outdoor garage and driveway parking area.  Further storage can be found in the large walk-up attic with stand up headroom. GARAGES: Detached garage with two separate garage spaces with electric and off-street parking for 4-6 cars, a rarity for the area!!!  Garages could be rented for additional income in excess of $75 each per month. CONVENIENT LOCATION / ACCESSIBILITY: Walking distance to Union Park Gardens and minutes to I-95, Downtown Business District and entertainment, popular Wilmington Riverfront attractions, Trolley Square amenities and entertainment and Kirkwood Highway shopping and amenities. All three electric panels and service cables were replaced and inspected with stickers. New roof installed in 2017. NOTE: For owner - occupant scenario, lender could attribute a majority of the existing rental income towards the buyer's qualifying income (found income) - a huge opportunity to leverage this property! Do not regret missing out on this one!!! NOTE: Closing to occur after December 31st, 2022.