tomo logo

$150,000

Beds
3
Baths
1.5
sq ft
1,275

323 W 23rd St, Wilmington, DE 19802

323 W 23rd St

WILMINGTON, DE 19802

  • 31 days on market
BACK ON THE MARKET (no fault of the Seller) Investor Alert! Newly Renovated Turn-Key Investment Property in Wilmington This spacious 3-bedroom, 1.5-bathroom home, newly renovated in 2023, is a fantastic opportunity for investors seeking a reliable, income-producing property. Currently tenant-occupied, this home brings in $1,275 per month in rent and is Section 8 approved, ensuring a steady and consistent cash flow. With modern updates throughout and a move-in-ready condition, this property requires minimal effort to maintain, making it a perfect addition to any investor's portfolio. 48-hour notice required for all showings. Don’t miss out on this great opportunity to own a newly renovated property in Wilmington. Contact us today for more details or to schedule a showing!

Details

Property type

Townhouse

Est. home value

$148,240

Lot size

1,742 sq ft

Price per sq ft

$118

Year built

1920

Annual property taxes

$1,269

HOA

No

Price History

03/28/2025
Bright

Bright #DENC2077090

Listed
$150,000
03/11/2025
Bright

Bright #DENC2077090

Pending
$150,000
03/06/2025
Bright

Bright #DENC2077090

Listed
$150,000

Schools & Community

Neighborhood: 

9th Ward Area

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

RED CLAY CONSOLIDATED

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

Lima One Capital Llc

Loan start date

December 2022

Original loan amount

$447,860

Est. remaining balance

Not provided

Interest rate

7.08%

Loan type

Commercial

Seller

Frec Ii Llc

Lender

Stormfield Capital Funding I Llc

Loan start date

September 2021

Original loan amount

$1,300,000

Est. remaining balance

Not provided

Interest rate

2.78%

Loan type

Commercial

Seller

Frec Ii 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 3:20 PM

Listing updated: 03/28/2025 at 3:56 PM

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

MLS: Bright #DENC2077090

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