1112 S Rodney St, Wilmington, DE 19805
- $249,500
- 1,360
- SqFt
- List Price
- $249,500
- Days on Market
- 43
- Status
- ACTIVE
- MLS#
- DENC2107700
- Living Area
- 1,360
- Lot Size (Acres)
- 0.05
- Style
- Other
- Year Built
- 1940
- County
- New Castle
- School District
- Christina
Property Description
This turn-key duplex is a low-maintenance, income-producing investment with positive cash flow. Both units have been recently renovated—2024—making it a strong opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Each unit has a private entrance, and both share access to the backyard. Street parking is available. Rents total $2,295/mo ($1120 & $1,175). Tenants pay gas and electric, while the owner covers water. Owner expenses include the house meter at $20 per month and city water at approximately $90 per month, with total monthly expenses of $1878.00 (principle $225,000 loan), interest, taxes, insurance, water, and house meter). This results in positive cash flow of approximately $400 per month. Located in a convenient Wilmington neighborhood close to major routes, shopping, and city amenities, this property offers reliable rental income with minimal upkeep. The adjacent property at 1114 S. Rodney is also available for sale. Licensed fee appraisal was done and appraised value is $250,000. Appraisal report is available upon request. Pictures are of 1114A S. Rodney All appointments require 24-hour notice.
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Additional Information
- Area
- Wilmington (30906)
- Subdivision
- Cleland Heights
- Taxes
- $2494
- Stories
- 2
- Interior Features
- Bathroom - Soaking Tub
- School District
- Christina
- Flooring
- Laminate Plank
- Exterior Features
- Fire Escape, Sidewalks, Street Lights, Play Area
- Heating
- 90% Forced Air, Baseboard - Electric
- Heating Fuel
- Natural Gas, Electric
- Cooling
- None
- Roof
- Rubber
- Utilities
- Electric Available, Natural Gas Available, Sewer Available, Water Available
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of BHHS Fox & Roach-Greenville. Contact: (302) 571-8855
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