Address
105 E Holly Oak Road, Wilmington, DE
Price
$ 415,000
Property Attributes
- MLS#DENC2061328
- TypePending
- CountyNEW CASTLE
- CityWilmington
- AreaBrandywine
- NeighborhoodHolly Oak
- Zip19809
- StyleColonial
- Year Built1920
- Taxes$ 1698
- Price$ 415,000
- Bedrooms6
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.24 Acres
Data Source:
Bright MLS
Property Description
Welcome to Holly Oak Terrace, an idyllic community in North Wilmington where history meets modern convenience. Nestled less than a quarter-mile from the Delaware River, this fully detached tri-plex presents a unique opportunity to own a home already generating revenue as well as two vacant move-in ready units. With recent updates, including recent plumbing improvements, this isn't a listing you'll want to miss. This charming property stands out with its extra-large lot, providing ample off-street parking for all occupants. Comprising three well-maintained units, each with two bedrooms, this tri-plex boasts a thoughtful layout. The common area entrance grants access to the main floor unit, while a staircase leads to the second floor, offering formal access to units two and three. Unit one enjoys a private entrance through the spacious east-facing porch. The second-floor unit has recently undergone a refreshing update, making it move-in ready for you or a prime opportunity to place a tenant and generate cash flow. Meanwhile, the third-floor unit offers a unique layout, with interior access and a private exterior entrance via wooden steps from the yard. The utilities are efficiently managed with electric hot water and baseboard heating, leaving the owner responsible for water/sewer, common area electricity, trash removal, and the maintenance associated with landscaping and snow removal. This property is an excellent entry point for those beginning their real estate investment journey with this property being well maintained by its current owner. For seasoned investors, it adds a valuable asset to a flourishing portfolio. Alternatively, for a primary resident, living in one unit while letting the other two generate cash flow is an enticing proposition. Opportunities like this in such a sought-after location are rare, so seize the chance to own a piece of Holly Oak Terrace. Whether you're starting your real estate journey or expanding your portfolio, this tri-plex is a gem waiting for its next chapter. Don't hesitateschedule a viewing today!
| Price History | |
|---|---|
| 5/14/2024 | Listed $415,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Hot Water |
| Cooling | None |
| Possession | Immediate |
| Roof | Pitched,Shingle |
| Exterior Features | Exterior Lighting,Street Lights |
| Zoning | NC6.5 |
| Patio/Porch Features | Porch(es) |
| Architectural Style | Colonial |
| Construction Materials | Frame |
| Exclusions | Tenant Personal Property |
| Year Built | 1920 |
| Property SubType | Triplex |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Accessibility | None |
| County | NEW CASTLE |
| New Construction | No |
| Property Type | Multi-Family |
| Subdivision Name | HOLLY OAK |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Transportation | Commuter Lots less than 5 miles,Commuter Rail Station 1 to 5 miles,Bus Stop less than 1 mile |
| Status | PENDING |
| Directions | Conveniently located off Philadelphia Pike - E Holly Oak Rd - Turn near Seasons Pizza. |
| ModificationTimestamp | 2024-05-14T13:04:29 |
| City | WILMINGTON |
| Buyer Agent Compensation | 2.5 |
| Disclosures | Radon,Lead Based Paint - Federal |
| Total Units | 3 |
| MLS Area | Brandywine (30901) |
| Lot Size Square Feet | 10454.00 |
| Tax Assessed Value | 48000.0 |
| Waterfront Y/N | No |
| Number of Units Leased | 1 |
| Street Name | HOLLY OAK |
| Tax Annual Amount | 1698.0 |
| Home Warranty Y/N | No |
| Property Condition | Very Good |
| Two Bedroom | 3 |
| Structure Type | Detached |
| NumberOfUnitsVacant | 2 |
| Other Units | Unit 1,Unit 2,Unit 3 |
| Price Per Sq Ft | 221.33 |
| Acceptable Financing | Cash,Conventional,FHA 203(k) |
| Vacation Rental Y/N | No |
| Total SQFT | 1875 |
| Days on Market | 1 |
| Lease Type | Yearly |
| Standard Status | Pending |
| Year Built Source | Assessor |
| Legal Subdivision | HOLLY OAK |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Electric |
|---|---|
| Basement | Partial |
| Flooring | Carpet,Vinyl |
| Hot Water | Electric |
| Total Stories | 3 |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | ROAD |
| Central Air Y/N | No |
| LivingAreaSource | Assessor |
Exterior Features
| Pool | No Pool |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 4 |
| Type of Parking | Off Street |
| Foundation Details | Stone |
| Spa | No |
| Water View Y/N | No |
| Lot Dimensions | 100.00 x 140.00 |
| Lot Size Acres | 0.24 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Off Street - # of Spaces | 4 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Pending Average in 19809
Price
Taxes
Visits
Year Built
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