$ 249,500
-
$249,500
Price -
2
Bed -
2
Bath -
1,360
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 61018 - 3129941
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 SOLD on 9/4/26 for $250,000 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.
Listing Highlights
Status
Active
Days on Site
52
Property Type
Multi-Family
MLS ®
DENC2107700
Year Built
1940
Total Square Footage
1,360
Lot/Acreage
0.05
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances: Oven/Range - Gas, Range Hood, Refrigerator
- Air Cond:
- Heating: 90% Forced Air,Baseboard - Electric
- Fireplaces:
- Floor: Laminate Plank
- Above Ground Sq Ft: 1360
- Below Ground Sq Ft: 0
- Basement: Full
- Other: Bathroom - Soaking Tub
- Water: Public
Exterior Details
- Lot Description: Level,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Lot Dimensions: 28X82
- Zoning: 26R-2
- Roof: Rubber
- Others: Fire Escape,Sidewalks,Street Lights,Play Area,Very Good,Excellent
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $2,494
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1112 S Rodney St Wilmington, DE 19805
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
