tomo logo

$135,000

Beds
2
Baths
1.0
sq ft
900

309 Cedar St, Wilmington, DE 19805

309 Cedar St

WILMINGTON, DE 19805

  • 6 days on market
Investors, take notice! This spacious 2-bedroom, 1-bathroom home is a turnkey investment opportunity with a tenant already in place through a voucher program paying $975.00 per month in rent. Inside, the home features a bright living room, a dedicated dining room, and a well-appointed kitchen. The full basement provides ample storage space, while the rear patio and backyard offers a great outdoor area for tenants to enjoy. Located in a high-demand area, this property is close to shopping, dining, and major roadways, ensuring strong rental potential and long-term value. Don’t miss out on this cash-flowing investment—schedule your private showing today!

Details

Property type

Townhouse

Est. home value

$108,301

Lot size

1,307 sq ft

Price per sq ft

$150

Year built

1900

Annual property taxes

$798

HOA

No

Price History

03/31/2025
Bright

Bright #DENC2078800

Listed
$135,000

Schools & Community

Neighborhood: 

Browntown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CHRISTINA

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jlj Capital Nj Llc

Loan start date

February 2022

Original loan amount

$1,258,400

Est. remaining balance

Not provided

Interest rate

3.11%

Loan type

Commercial

Seller

Frec Vii Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/07/2025 at 3:45 PM

Listing updated: 03/31/2025 at 6:11 PM

Listed by: Jessica Stiner, RE/MAX Edge Phone #: (302) 442-4200

MLS: Bright #DENC2078800

Bright logo

Recently listed in WILMINGTON

$390,000|3 bd|1.5 ba|House
$249,900|3 bd|1.5 ba|Townhouse
$1,550,000|5 bd|4.5 ba|House
$445,000|3 bd|1.5 ba|Townhouse
$1,750,000|5 bd|5.5 ba|House
$340,000|3 bd|2.5 ba|Townhouse
$350,000|3 bd|1.0 ba|House
$349,995|2 bd|2.5 ba|Townhouse
$425,000|4 bd|1.5 ba|House

Explore top cities in Delaware