Lincoln Wilmington Delaware
Multi-Family Home For Sale

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607 LINCOLN
Wilmington, New Castle, Delaware 19805

MLS #: DENC2031892

Living Sq. Ft.

3485

Year Built

1940

Price

$450,000


Mls Status: ACTIVE

Property Type: Multi-Family

List Price: $450,000

List Date: 11-01-2022

Year Built: 1940

Annual Taxes: $4,460

Street Suffix: STREET

In City Limits: Y

Sewer: Public Sewer

Pool: None

School District: Red Clay Consolidated

Acceptable Financing: Conventional,Cash,Private

Heating Fuel: Electric

Cooling Fuel: Electric

Price Per Square Foot: $129.12

Lot Sq. Feet: 3,485

City Taxes: $1,807

Rental Income: $46,800

Lot Size Acres: 0.08

Ownership: Fee Simple

Building Style: Brick,Vinyl Siding

Longitude & Latitude: 39.75061417 -75.57085419

Property Description

Welcome to 607 N Lincoln Street! This building consists of 2 apartments and the very popular Go Vegan Philly restaurant. Conveying with the sale of this property is all of the commercial appliances, the bar, and most of the table and chairs within the restaurant. The building also includes a 1 bedroom apartment with a long term tenant on a month to month lease paying $700 and a 2 bedroom apartment on a month to month lease paying $1,200. All appliances in the apartments were replaced in 2019, including the washers and dryers in the apartment units. The HVAC and windows in the front of the building were recently updated. The owner pays 50% of the water bill and bills the restaurant tenant for the remainder. Each unit has separate gas and electric meters and the tenants are responsible for paying these utilities. The property is being sold as-is.

607 LINCOLNLINCOLN, Wilmington, Delaware
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MLS Listing #: DENC2031892
Asking Price: $450,000


Address: 607 LINCOLNLINCOLN
Wilmington, New Castle, Delaware 19805
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Welcome to 607 N Lincoln Street! This building consists of 2 apartments and the very popular Go Vegan Philly restaurant. Conveying with the sale of this property is all of the commercial appliances, the bar, and most of the table and chairs within the restaurant. The building also includes a 1 bedroom apartment with a long term tenant on a month to month lease paying $700 and a 2 bedroom apartment on a month to month lease paying $1,200. All appliances in the apartments were replaced in 2019, including the washers and dryers in the apartment units. The HVAC and windows in the front of the building were recently updated. The owner pays 50% of the water bill and bills the restaurant tenant for the remainder. Each unit has separate gas and electric meters and the tenants are responsible for paying these utilities. The property is being sold as-is.


ACTIVE
Year Built: 1940
Dwelling SqFt: 3485
Lot Acres: 0.08
School District: Red Clay Consolidated
Property: Multi-Family
 
TAXES & FEES are ANNUAL AMOUNTS unless otherwise noted
City Tax: $1,807
County Tax: $246
Rental Income: $46,800
Land Lease Years: 0
 

Basement

Unfinished

Roofing

Flat, Tar/Gravel

Exterior type

Brick, Vinyl Siding

Cooling

Multi Units, Ductless/Mini-Split

Heating

Baseboard - Electric

Water

Public

Sewer

Public Sewer

Style

Over Storefront

Parking

On Street

Days On Market

11


607 LINCOLNLINCOLN Wilmington, New Castle, Delaware 19805
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