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Multifamily

2810 North Monroe Street

2810 N Monroe St, Wilmington, DE 19802

Listing Price: $1,650,000

Cap Rate
6.16%
Number of Units
10
Occupancy
95.0%
Price/Unit
$165,000
Price/Gross SF
$44.78
Gross SF
36,850

Investment Overview

Marcus & Millichap is pleased to present the sale of 2810 North Monroe Street, an all-Limestone building that was converted from the Old Christ King Rectory. The 10 units building was a 2-year project that was completely rehabbed in 2021 with all-new water, sewer, HVACs, and electric systems. High-efficiency gas furnaces and heat pumps with central air and separate 55-gallon hot water heaters. Painted Maple Cabinets with dovetail construction and Class 2 Granite countertops and custom stainless-steel appliances. It has 14 car-gated parking lot in the rear courtyard with a sprinkler and monitor system. Great open rooms with a huge basement with additional storage areas for tenants and coin-operated laundry. This turnkey opportunity is located in the beautiful Ninth Ward. Tenants are responsible for electric, gas, water, and sewer.

Investment Highlights

  • 10 Unit Apartment Building, All Limestone Converted Building Located in the Ninth Ward of Wilmington DE
  • Completely Rehabbed in 2021
  • All New Water, Sewer, HVACs, Electric Systems, High-Efficiency Gas Furnaces, Separate 55 Gallon Hot Water Heaters, and Heat Pumps with Central Air
  • Granite Countertops and Custom Stainless Steel Appliances
  • 14 Car Gated Parking Lot with Sprinkler and Monitor System
  • Tenants are Responsible for Electric, Gas, Water, and Sewer

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) DE: RB-0031090

    Delaware

Multifamily

2810 North Monroe Street

Listing Price: $1,650,000

Cap Rate
6.16%
Number of Units
10
Occupancy
95.0%
Price/Unit
$165,000
Price/Gross SF
$44.78
Gross SF
36,850

Investment Highlights

  • 10 Unit Apartment Building, All Limestone Converted Building Located in the Ninth Ward of Wilmington DE
  • Completely Rehabbed in 2021
  • All New Water, Sewer, HVACs, Electric Systems, High-Efficiency Gas Furnaces, Separate 55 Gallon Hot Water Heaters, and Heat Pumps with Central Air
  • Granite Countertops and Custom Stainless Steel Appliances
  • 14 Car Gated Parking Lot with Sprinkler and Monitor System
  • Tenants are Responsible for Electric, Gas, Water, and Sewer

Investment Overview

Marcus & Millichap is pleased to present the sale of 2810 North Monroe Street, an all-Limestone building that was converted from the Old Christ King Rectory. The 10 units building was a 2-year project that was completely rehabbed in 2021 with all-new water, sewer, HVACs, and electric systems. High-efficiency gas furnaces and heat pumps with central air and separate 55-gallon hot water heaters. Painted Maple Cabinets with dovetail construction and Class 2 Granite countertops and custom stainless-steel appliances. It has 14 car-gated parking lot in the rear courtyard with a sprinkler and monitor system. Great open rooms with a huge basement with additional storage areas for tenants and coin-operated laundry. This turnkey opportunity is located in the beautiful Ninth Ward. Tenants are responsible for electric, gas, water, and sewer.

Exclusively Listed By

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): DE: RB-0031090

    Delaware

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