816 W 8 Th St

Highlights:

• Days on Market: 24
• Heating: Baseboard - Electric

Description:

Excellent Investment Opportunity – Turnkey 5-Unit Apartment Building in Wilmington

A rare opportunity to acquire a fully operational, income-producing apartment building in the heart of Wilmington. This well-maintained, turnkey property features five units – two spacious 2-bedroom units and three 1-bedroom units.

Presently, four units are occupied, with one pending a new tenant, providing immediate cash flow. Rents are currently below market, presenting an opportunity for increased returns through rent adjustments. Most leases are month-to-month with long-term tenants.

The partially finished basement offers potential for an owner’s office or additional storage. Property is being sold as-is and is in good overall condition. Inspections are for informational purposes only.

Perfect for investors seeking strong rental demand and long-term growth potential.

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Listing ID: 804224724122