DE > Wilmington
Wilmington, DE 19806,1401 N BROOM ST
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Wilmington, DE 19806,1401 N BROOM ST
Wilmington, DE 19806,1401 N BROOM ST
Wilmington, DE 19806,1401 N BROOM ST
Wilmington, DE 19806,1401 N BROOM ST
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Moments Real Estate

Moments Real Estate

+1(215) 237-7660
Listed by Buzz Moran • Long & Foster Real Estate, Inc.
$ 1,100,000
Est. payment /mo
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Pending

1401 N BROOM ST Wilmington, DE 19806

7,840 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID DENC2093086

Year Built 1877

Annual Tax Amount $14,139

Tax Year 2024

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 26.00 x 150.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Investment Opportunity – Monument Square Apartments presents a rare chance to acquire a stabilized 10-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 19 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.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-2A

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C, Window Unit(s)

Heat Source Natural Gas, Oil

Exterior

Utilities Available Natural Gas Available

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Red Clay Consolidated

Others

Tax ID 26-020.20-188

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Exchange, Negotiable

Listing Terms Cash, Conventional, Exchange, Negotiable

Financing Cash,Conventional,Exchange,Negotiable

Special Listing Condition Standard

Bright MLS (BMLS)
Moments Real Estate

Moments Real Estate

Broker

+1(215) 237-7660

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