Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1910
Sq.Footage
N/A
Investment Opportunity – Monument Square Apartments presents a rare chance to acquire a stabilized 11 unit multifamily property in Wilmington’s sought-after Trolley Square neighborhood. The asset consists of two adjoining three-story brick buildings on separate parcels, with each apartment featuring its own character and separately metered utilities. Over the past five years, ownership has invested in both cosmetic updates and key system improvements across all units, enhancing tenant appeal and reducing near-term capital needs. The property is well-positioned to provide consistent cash flow with upside through future rent growth in a high-demand submarket. For scale-minded investors, this property can also be acquired with two adjacent buildings totaling 18 additional units plus a buildable lot, offering immediate portfolio expansion in one of Wilmington’s most desirable rental corridors. Full financials and package details available upon request.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Gas, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Oil, Zoned, Forced Air, Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.15
-
Property Type
Commercial Sale
Price
-
Sales Price
$2,175,000
-
Tax Amount
3165.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Foundation Details
Stone
-
Sewer
Public Sewer
-
Tax Lot
185
-
Water Source
Public
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Location
County
NEW CASTLE
Elementary School
Middle School
High School
Listing Courtesy of Buzz Moran , Long & Foster Real Estate, Inc.
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The Campbell Home Team-Team Leader, Co-Owner
Thomas Campbell
Call Thomas today to schedule a private showing.
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