802 N VAN BUREN ST Wilmington, DE 19806

Attention investors looking for instant cash flow, easy management and good ROI without the hassle of up-front renovations, carrying costs, income deferral, deferred maintenance or tenant disruption / placement. This is a turn key, well-performing, income-generating, updated apartment triplex building with current rents. Located in popular, super-convenient, charming, historic Cool Springs district. Among this attractive community's draws are a weekly organic farmer's market, open air entertainment, fountains, beautiful historical homes, great walking sights and a short walk to downtown. The building's location being highly accessible to many amenities, unique floor plans, charming historical design, large bedrooms and excellent closet / storage space all make its apartments highly desirable in the rental market. Many updates have been completed by current owners including separate gas-fired heaters, hot water heaters and central A/C compressors so tenants pay all utilities directly (except sewer and water) for more consistent ROI. Stackable clothes washers and dryers are in each unit. Charming apartments in nice condition. Building is fully occupied with long term tenants in place with rents being current. Notoriously low property taxes in DE contribute to favorable capitalization rates vs neighboring states. Super-convenient location walking distance to the Interstate-95 on-ramp; downtown Wilmington business center; national banking capital and entertainment center, Wilmington Riverfront and Trolley Square dining & entertainment district. Building is in a beautiful historical district but is not on the Historical Registry.