2600 Moore St, Wilmington, DE 19802

$199,000
3,074
SqFt

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List Price
$199,000
Days on Market
0
Status
ACTIVE
MLS#
DENC2108048
Living Area
3,074
Lot Size (Acres)
0.16
Style
Other
Year Built
2000
County
New Castle
School District
Red Clay Consolidated

Property Description

Rare opportunity to acquire a portfolio of 17 garage units, including one oversized double garage, offering immediate income potential with additional upside. Currently, 13 garages are tenant occupied with 4 vacant units, providing the opportunity to increase cash flow through lease-up or owner use. Significant capital improvements have already been completed, making this a low-maintenance investment. All garage roofs were repaired or replaced between 2023 and 2024, and nearly every garage door was replaced during the same period. One garage features a custom-built wooden door, designed to accommodate a long-term tenant's oversized vehicle that exceeds the height of a standard overhead door. Whether you're looking to expand your investment portfolio, generate passive income, or provide secure storage solutions in a high-demand area, this unique property offers exceptional flexibility and value. With multiple tenants already in place and several vacant units ready to lease, investors have the opportunity to realize immediate income while increasing returns over time. Don't miss this rare chance to own a well-maintained collection of garages with strong income-producing potential in the City of Wilmington.

Additional Information

Area
Wilmington (30906)
Subdivision
Wilmington
Taxes
$1293.68
School District
Red Clay Consolidated
Heating
None
Heating Fuel
None
Cooling
None
Water
None
Sewer
No Sewer System

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Realty. Contact: 3022341888