606 W 8TH Street

Description

Welcome to West Center City! Located in the heart of down town Wilmington affording a true Urban lifestyle that includes walking distance to some of the finest restaurants in the State, proximity to interstate highways, large employer base of the City, the Riverfront in all it's glory, and more! This left side duplex is ready for its next owner to either add to an existing portfolio or become the cornerstone of one. Two, 2 bedroom units with 1 full bathroom has been professionally gutted and rebuilt in it's past to create a modern layout coupled with a flexible lifestyle. Separate systems ensure that tenants can dial in their own temperatures and energy consumption, while operators are not on the hook for major monthly expenses. While this building is a three story, only two of them are being utilized, providing a value add to increase the number of bedrooms and possibly bathrooms depending for the second floor units, thus creating a larger and more valuable income stream. Currently both units are occupied so you'll be purchasing immediate cash flow. While this property can be sold on its own, it makes more sense to buy 604 at the same time, thus controlling the entire structure and having your own free standing apartment building as a result. Perfect opportunity to deploy a DSCR loan product and either add to or start your investment journey!